Posts Tagged ‘st louis foreclosures’

St Louis Home Loan Foreclosures Hurting Mortgage Values By 27 Percent

Saturday, August 14th, 2010


St Louis Mortgage and Real Estate News –

St Louis Finance News: Foreclosure Drops Home Values Approximately 27 Percent [News Hot Line: 314-334-0210 | Floyd Tapia]


Studies in the real industry are showing that foreclosures are reducing the values of home by an average of 27 percent.

This in turn accounts for a much steeper (more…)

St Louis Refinance Community Shocked at Borrowers Losing Bailout Help

Saturday, April 17th, 2010


Credit Improvement and Credit Repair


The St Louis refinance industry is puzzled at the report coming from the Treasury Department stating that approximately 90,000 distressed homeowners may lose their federal mortgage funding that was made available by the foreclosure prevention programs.

But the news may prove to be much more damaging. This announcement includes (more…)

St Louis Home Loan Experts Reports Home Mortgage Fraud Down

Wednesday, April 14th, 2010


Credit Improvement and Credit Repair


St Louis Mortgage Refinancing and Real Estate News –

News: Fraudulent Home Mortgage Practices Are Dropping

A report just released said one in every 200 residential loans funded last year which totaled $14 billion, involved some type of fraudulent activity, according to First American CoreLogic.

Although this may look like an an unsettling amount of shadiness lurking within the mortgage market, the (more…)

St Louis Lending Professionals Say Rebuild Your Credit Now

Saturday, February 13th, 2010

St Louis Mortgage Refinancing and Real Estate News –

News: Analysts Recommending Homeowners Rebuild Credit Now

The past year and a half has left an indelible mark of financial losses in the market, widespread greed and dishonesty, home values plummeting and unemployment rising at alarming rates.

These are indeed bad times and (more…)

St Louis Lending and Mortgage Experts Say 3 Million Homes in Foreclosure

Wednesday, February 10th, 2010

St Louis Mortgage Refinancing and Real Estate News –

News: Record Breaking Numbers Show 3,000,000 Homes in Foreclosure

Grim statistics being introduced by RealtyTrac who is the online marketer of foreclosed homes, says that one in 45 households or 2,824,674 properties nationwide (more…)

St Louis Lending Community Concerned at Future of the Mortgage Purchase Program

Saturday, February 6th, 2010

St Louis Mortgage Refinancing and Real Estate News –

News: What About the Future of the Mortgage Purchase Program?

Corporate minutes released in early January of the Federal Reserve Board’s closed-door meeting in December announced policymakers have already begun debating (more…)

St Louis Mortgage Industry Reports Apartment Prices Fall As Vacancies Go Up

Friday, February 5th, 2010

St Louis Mortgage Refinancing and Real Estate News –

News:  Rental Woes – Apartment Prices Fall 3% while Vacancies Up 8%

In the wake of the tumultuous real estate industry, the national apartment vacancy rate rose to 8% in the last three months of 2009, according to (more…)

St Louis Mortgage Lenders Surprised by Walk Away Foreclosures

Wednesday, February 3rd, 2010

St Louis Mortgage Refinancing and Real Estate News –

News: Walk Away from Your Mortgage and Save the Economy

Should a mortgage owner let their home go into foreclosure if they cannot afford the payments?  Economist Dean Baker says you should.

His keen yet controversial viewpoint (more…)

St Louis Mortgage and Lending Experts Agree Short Sales May Be the Answer

Monday, February 1st, 2010

St Louis Mortgage Refinancing and Real Estate News –

NEWS: Perhaps Short Sales Have Been the Answer the Whole Time

The national real estate and housing scene has been horribly plagued with home values sharply dropping, unemployment rates skyrocketing and (more…)

St Louis Mortgage and Lending Community Surprised at County Suspending Foreclosures

Saturday, January 30th, 2010

St Louis Mortgage Refinancing and Real Estate News –

News:  Surprise Resolution That Is Suspending Foreclosures

What happens when foreclosures start adversely affecting the financial stability of counties throughout the nation?  Here’s one possible solution.

In what might be a sign of things to come, (more…)