Posts Tagged ‘st louis commercial mortgage’

St Louis Mortgage and 90 Day In House Financing: Half of Mortgages Underwater

Tuesday, February 21st, 2012


St Louis Mortgage and Real Estate News -

St. Louis Mortgage Refinancing and Customer Financing News: Olick Reports Half of all Mortgages are Underwater


St Louis Home Loan, Financing for Customers and Consumer Lending | Principal Reduction Program | St Louis Commercial Mortgage, Consumer Finance and Principal Loan Reduction


A new report on still-falling home prices today highlights the fact that the lower those prices go, the more American borrowers fall into an underwater position; that is, they owe more on their mortgages than their homes are worth. Most analysts will tell you (more…)

St Louis Mortgage Lending and Brokers: 9 Percent Unemployment

Monday, February 6th, 2012


St Louis Mortgage and Real Estate News -

St. Louis Mortgage Refinancing, Home Loans and Customer Financing News: 9% Unemployment Still Hitting Economy Hard


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


The government reported 80,000 total jobs were added in October. There were 104,000 private sector positions added in professional and business services, leisure and hospitality, health care and mining, and 24,000 government jobs were lost. The unemployment (more…)

St Louis Mortgage Refinancing and Lending: HAMP Modifications Go Through the Roof

Sunday, February 5th, 2012


St Louis Mortgage and Real Estate News -

St. Louis Mortgage Lending and Customer Financing News: HAMP Loan Modifications Spike


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


Mortgage servicers started 40,151 permanent modifications through the government’s program in September, the highest monthly amount since May 2010. The Home Affordable Modification (more…)

St Louis Home Loan Mortgage and Customer Financing: Housing Key To Recovery

Friday, February 3rd, 2012


St Louis Mortgage and Real Estate News -

St. Louis Mortgage Broker and In-House Financing News: Federal Reserve Says Housing Is Key To Recovery


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


A fresh emphasis on healing the housing sector by officials at the Federal Reserve, in the Obama administration and in state capitals reflects the view that a healthier real estate market would go a long way in strengthening the economy. Fed Chairman Ben Bernanke said that the U.S. central bank was considering (more…)

St Louis Lending and Home Loan Financing: Top Short Sale Areas

Tuesday, January 31st, 2012


St Louis Mortgage and Real Estate News -

St. Louis Mortgage Refinancing and Customer Financing News: Top Short Sale Areas Throughout the United States


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


Based on an analysis of RealtyTrac data, including average sales price, average discount, percent of all sales and the average days to sell a short sale, Foreclosure News Report compiled the following list of the Top metropolitan statistical areas (MSAs) for buying a short sale. (more…)

St Louis Mortgage and Finance: Be Careful With Rentals

Sunday, January 29th, 2012


St Louis Mortgage and Real Estate News -

St. Louis Home Loan and Customer Financing News: Olick Reports Be Careful with Rentals


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


I thought I would share a response to yesterday’s blog post onthe Obama Administration considering selling Fannie and Freddie’s foreclosed properties in bulk to private investors.  Rick Shargaused to work, and speak, for RealtyTrac, a well-known foreclosure sale site and tracker. He recently jumped ship to join (more…)

St Louis Mortgage Lending or In House Financing: Another Recession May Be Coming

Wednesday, January 11th, 2012


St Louis Mortgage and Real Estate News -

St. Louis Finance and Customer Financing News: Recession To Be or Not To Be?


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


A summer of modest economic growth is helping dispel lingering fears that another recession might be near. Whether the strength can be sustained is less certain. (more…)

St Louis Mortgage Broker and Customer Financing: Challenge Your Foreclosure

Tuesday, January 10th, 2012


St Louis Mortgage and Real Estate News -

St. Louis Home Loans and In-House Financing News: Olick Reports that Homeowners Challenge Your Foreclosure


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


It’s late, and it’s limited, but for borrowers who feel their homes were wrongly or inappropriately foreclosed upon in 2009 and 2010, there is now recourse. As part of a larger enforcement action (so-called ‘consent orders’) taken last April against fourteen of the nation’s largest mortgage banks/servicers following the so-called ‘robo-signing‘ scandal, the Office of the (more…)

St Louis Mortgage Lending and In House Financing: New Foreclosure Plan

Monday, January 9th, 2012


St Louis Mortgage and Real Estate News -

St Louis Mortgage Refinancing and Financing For Customers News: New Foreclosure Plan Means Selling Off


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


Big investors are showing interest in an evolving Obama administration plan to sell off foreclosed homes, although the government will have to make the offer sweet enough to coax private funds.

The White House is assessing how best to (more…)

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…)