Posts Tagged ‘st louis finance lending’

St Louis Finance Lending and Mortgage: Credit Rules The Housing Market

Thursday, July 21st, 2011


St Louis Mortgage and Real Estate News -

St Louis Mortgage Broker and Home Loan News: Olick – Credit Rules the Housing Market
St Louis Home Mortgage and Commercial Loans | Principal Reduction Program | 877-334-0210 or 314-334-0210 | Floyd Tapia, Commercial Lending and Loan Reduction


Existing home sales were basically flat in April, down close to one percent month-to-month and down nearly 13 percent year-over-year, but you have to remember last year we were heavily under the influence of the home buyer tax credit. Now we are heavily under the influence of the mortgage market, or lack thereof.

It’s all in the numbers. Let’s start with all-cash. Thirty-one percent of (more…)

St Louis Loan Modification and Refinancing: More Second Lien Defaults

Tuesday, June 28th, 2011


St Louis Mortgage and Real Estate News -

St Louis Finance, Consumer Lending and Home Loans: There Are More Second-Lien Defaults
St Louis Home Mortgage and Commercial Loans | In-House Financing | 877-334-0210 or 314-334-0210 | Floyd Tapia, Commercial Lending, Customer Financing and Loan Reduction


While default rates are down mostly so far this year, borrowers with second mortgages went against trend with their default rate rising in April for the first time in five (more…)

St Louis Mortgage Rates: NY Mortgage Fraud Probe

Sunday, June 19th, 2011


St Louis Mortgage and Real Estate News –

St Louis Finance Lending and In-House Financing News: New York Mortgage Probe
St Louis Home Mortgage, Customer Financing and Commercial Loans | Principal Reduction Program | 877-334-0210 or 314-334-0210 | Floyd Tapia, Commercial Lending and Loan Reduction


New York’s attorney general is investigating three Wall Street banks for their roles in the mortgage crisis that led to the downfall of the economy.

Attorney General Eric Schneiderman has (more…)

St Louis Mortgage Lending and Loans: Is This Still A Buyers Market

Monday, June 13th, 2011


St Louis Mortgage and Real Estate News –

St Louis Mortgage Refinancing and Customer Financing News: Buyer’s Market?
St Louis Home Mortgage and Commercial Loans | In-House Financing | 877-334-0210 or 314-334-0210 | Floyd Tapia, Commercial Lending and Loan Reduction


Falling home prices should give aspiring homeowners the upper hand this spring, but in a growing number of locations, it doesn’t feel like a buyer’s market.  Blame the nearly five-year slide of home prices. Those declines, which accelerated over the past two quarters, have left many sellers unable or unwilling to lower their prices. Meanwhile, buyers remain (more…)

St Louis Home Mortgage and Loan Reduction: Banks Want Probe Gone

Tuesday, May 31st, 2011


St Louis Mortgage and Real Estate News –

St Louis Mortgage Rates and Customer Financing News: Banks Offer $5 Billion To Close Foreclosure Probe
St Louis Home Mortgage Lending, Consumer Lending and Consumer Loans | In-House Financing | 877-334-0210 or 314-334-0210 | Floyd Tapia, Commercial Lending and Principal Loan Reduction


The nation’s biggest banks are willing to pay as much as $5 billion to settle claims by federal and state officials of improper mortgage-servicing practices, according to people familiar with the situation. 

The offer is considerably less than the amounts sought by state and federal officials, some of whom are (more…)

St Louis Home Loan and Financing: Fannie Mae Faces More Losses

Sunday, May 29th, 2011


St Louis Mortgage and Real Estate News –

St Louis Mortgage Refinancing and In-House Financing News: Fannie Mae Declares First Quarter Loss
St Louis Home Mortgage, Consumer Loans and Lending | Principal Reduction Program | 877-334-0210 or 314-334-0210 | Floyd Tapia, Commercial Lending, Customer Financing and Loan Reduction


Fannie Mae reported net loss of $8.7 billion in the first quarter, including a $2.2 billion dividend payment to the Treasury Department.

The loss narrowed from (more…)

St Louis Refinancing and Loan: Home Values Falling

Friday, May 27th, 2011


St Louis Mortgage and Real Estate News –

St Louis Mortgage Broker and Consumer Lending News: Home Values Fall Again
St Louis Home Mortgage and Commercial Loans | Principal Reduction Program | 877-334-0210 or 314-334-0210 | Floyd Tapia, St Louis Commercial Lending, Customer Financing and Loan Reduction


Real estate data firm Zillow said its home value index fell 3 percent in the first three months of the year from the previous quarter, and was down (more…)

St Louis Mortgage Refinancing and Loan: Hard Line In Debt

Wednesday, May 25th, 2011


St Louis Mortgage and Real Estate News –

St Louis Home Loan and Consumer Lending News: Boehner Takes A Hard Line On Debt
St Louis Home Mortgage and Commercial Loans | In-House Financing | 877-334-0210 or 314-334-0210 | Floyd Tapia, Commercial Lending, Customer Financing and Principal Loan Reduction


House Speaker John Boehner recently indicated that he plans to hold a hard line in debt-ceiling negotiations. Among his demands: Spending cuts in exchange for support to raise the debt ceiling and the cuts will (more…)

St Louis Mortgage Lending and Loan Reduction: Housing Storm Mending

Tuesday, May 24th, 2011


St Louis Mortgage and Real Estate News –

St Louis Home Loan and Customer Financing News: A Silver Lining To The Housing Storm – By Brett Arends
St Louis Home Mortgage and Commercial Lending | In-House Financing |
877-334-0210 or 314-334-0210 | Floyd Tapia, Consumer Lending and Principal Loan Reduction


Prices in many areas are now cheap. They have corrected a long way since the bubble began to burst five years ago. Of course, it depends on where you are.

I’m still skeptical of the real-estate markets that have held up best — prime stuff like Manhattan, San Francisco or Beverly Hills. It’s hard to get a deal there. But in the (more…)

St Louis Mortgage and Home Loan: Consumer Debt Increases

Monday, May 23rd, 2011


St Louis Mortgage and Real Estate News –

St Louis Refinancing and Customer Financing News: Mortgages Up While Borrowing Up
St Louis Home Mortgage and Commercial Loans | Principal Reduction Program | 877-334-0210 or 314-334-0210 | Floyd Tapia, Commercial Mortgage, Consumer Lending and Loan Reduction


According to a report from the New York Federal Reserve which looks at mortgages, home equity lines, credit cards and auto loans by consumers nationwide, went on to conclude that total consumer debt increased slightly in the first quarter of 2011, ending a string of nine consecutive declining quarters. 

In addition, banks are becoming more (more…)