Posts Tagged ‘housing market’

St Louis Lending and Customer Financing: Move Houses Not Mortgages

Sunday, January 8th, 2012


St Louis Mortgage and Real Estate News -

St. Louis Refinancing Loan and In-House Financing News: Move Houses, Not Mortgages


St Louis Home Loan, Financing For Customers and Consumer Lending | Principal Reduction Program | 314-334-0210 | St Louis Commercial Mortgage, Consumer Finance and Principal Loan Reduction


Rep. Randy Neugebauer (R-Texas) said the Obama administration should be focused on helping the private market move through the backlog of foreclosures instead of merely shifting wealth from investors to borrowers in the new refinancing changes.

The Federal Housing Finance Agency (FHFA) announced (more…)

St Louis Business and Consumer Finance: A Story Of Two Housing Markets

Monday, December 5th, 2011


St Louis Mortgage and Real Estate News -

St. Louis Mortgage Loan and Customer Financing News: A Tale of two Housing Markets
St Louis Home Mortgage, In-House Financing and Consumer Lending | Principal Reduction Program | 314-334-0210 | St Louis Commercial Mortgage, Consumer Financing and Principal Loan Reduction


In America, it’s starting to feel as if there are two housing markets. One for the rich and one for everyone else. Consider foreclosure-ravaged Detroit.

In the historic Green Acres district, a haven for hipsters, a pristine, three-bedroom brick Tudor recently sold for (more…)

St Louis Consumer Financing and Home Loans: Housing Market Hitting Bottom

Thursday, December 1st, 2011


St Louis Mortgage and Real Estate News -

St. Louis Mortgage Broker and In-House Financing News: Has Housing Market Hit Bottom?
St Louis Home Mortgage, Customer Financing and Consumer Finance | Principal Reduction Program | 314-334-0210 | St Louis Commercial Mortgage, Consumer Lending and Principal Loan Reduction


The U.S. housing market hit bottom this year and will remain flat until 2014, when it will start to slowly recover, said Rick Sharga, an executive vice president with Carrington Mortgage Holdings. “We’re looking at a catfish recovery,” he told (more…)

Customer Financing and St Louis Loans: MBA Issues Mediocre Housing Forecast

Friday, November 25th, 2011


St Louis Mortgage and Real Estate News -

St. Louis Finance and In-House Financing News: MBA Issues Housing Forecast
St Louis Home Mortgage and Consumer Finance | Principal Reduction Program | 314-334-0210 | St Louis Commercial Mortgage, Consumer Lending and Principal Loan Reduction


The Mortgage Bankers Association (MBA) expects to see mortgage originations fall from an estimated $1.2 trillion in 2011 to $900 billion in 2012. The drop will be driven by a significant (more…)

St Louis Mortgage Brokers Agree Tighter Lending Hurts Housing Market

Thursday, October 27th, 2011


St Louis Mortgage and Real Estate News -

St. Louis Mortgage Lending and Customer Financing News: WSJ Reports Tighter Lending Hurts Housing
St Louis Home Mortgage and Consumer Lending | Principal Reduction Program | 877-334-0210 or 314-334-0210 | Floyd Tapia, Commercial Mortgage, Customer Finance and Loan Reduction


The percentage of mortgage applications rejected by the nation’s largest lenders increased last year, spotlighting how banks’ cautious lending practices are hampering the nascent housing market recovery. In all, the nation’s 10 largest mortgage lenders denied (more…)

St Louis Refinancing Loan and Lending: Will Housing Industry Be Saved

Tuesday, June 21st, 2011


St Louis Mortgage and Real Estate News -

St Louis Mortgage Refinancing, Customer Financing and Loan Reduction News: Can Lack of Inventory Save Housing?
St Louis Home Mortgage and Commercial Loans | In-House Financing | 877-334-0210 or 314-334-0210 | Floyd Tapia, Commercial Lending and Loan Modification


The current supply of homes on the market is the best indicator of the future health of the housing market.  Let me say that again: Inventories matter.  Despite the fact that inventories of newly constructed homes fell to a 7.3 month supply in March from an 8.2 month supply in February, builders put 10.6 percentoles in the ground in April. 

You would think that all this new job creation, which usually goes hand in hand with housing starts, would (more…)

St Louis Loan Modification: Housing Market Double Dips

Thursday, June 9th, 2011


St Louis Mortgage and Real Estate News –

St Louis Mortgage Lending and Home Loan Mortgage News: Housing Market Reports Official Double-Dip
St Louis Home Mortgage and Commercial Loans | Principal Reduction Program | 877-334-0210 or 314-334-0210 | Floyd Tapia, Commercial Lending and Loan Reduction


Clear Capital released a report stating that home prices have double-dipped nationwide which are now lower than their March 2009 trough. It was inevitable, and it was predicted by Olick that a surge in sales of foreclosed properties and a (more…)

St Louis Mortgage Lending: Mixed Reviews On Revised Housing Plan

Sunday, April 24th, 2011


St Louis Mortgage and Real Estate News –

St Louis Finance and Loan News: Reaction To Housing Plan By Obama Administration Mixed
St Louis Home Mortgage and Commercial Loans | Principal Loan Reduction | 877-334-0210 or 314-334-0210 | Floyd Tapia, Commercial Lending and Loan Compliance Advocate


The Obama administration’s reform plan for the government-sponsored enterprises, Fannie Mae and Freddie Mac, has drawn some praise and some criticism from the mortgage financial market as well as some ho-hums according to the St Louis mortgage lending community.

Among the concepts:  “We are gratified to see that one of the concepts they articulate closely tracks MBA’s proposal, released 18 months ago, that visualizes a workable, commonsense (more…)

St Louis Finance: Will Housing Struggle In 2011

Monday, February 28th, 2011


St Louis Mortgage and Real Estate News –

St Louis Loan Audit and Principal Loan Reduction News: According To A Rent Reuters Report The Housing Market Will Struggle In 2011
Home Mortgage and Commercial Loans | Principal Reduction Program |
877-334-0210 or 314-334-0210 | Floyd Tapia


According to a Reuters poll, the United States housing market will stagnate this year as foreclosures and joblessness sap the demand needed to mop up an excess of homes on the market.

While a housing recovery will be sustained, home prices, which have plunged by about a third since (more…)

Mortgage Lenders St Louis: Housing Starts Up

Monday, January 24th, 2011


St Louis Mortgage and Real Estate News –

St Louis Finance: Commerce Department Says Housing Starts Up .3 Percent
Home Mortgage and Commercial Loans | Principal Reduction

877-334-0210 or 314-334-0210 | Floyd Tapia


Housing starts rose 0.3 percent to a seasonally adjusted annual rate of 610,000 in September 2010, up from a revised 608,000 in August, the Commerce Department said.

Economists were expecting a rate of 579,000 housing starts, according to a consensus estimate from Briefing.com and analysts polled by Reuters had expected (more…)