Posts Tagged ‘st louis home mortgage loan’

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St Louis Mortgage Broker and Lending: Home Sales Up But Prices Down

Saturday, May 28th, 2011


St Louis Mortgage and Real Estate News –

St Louis Mortgage Lending and Commercial Mortgage News: NAR Reports Existing Home Sales Up But Prices Down
St Louis Home Mortgage and Commercial Loans | Principal Reduction Program | 877-334-0210 or 314-334-0210 | Floyd Tapia, Commercial Lending, Customer Financing and Loan Reduction


Existing home sales continued to recover in the first quarter with gains recorded in 49 states and the District of Columbia, while 22 percent of the available metropolitan areas saw prices rise from a year ago, according to the latest survey by the National Association of Realtors (NAR). 

Total state existing-home sales, including single-family and condo, rose 8.3 percent to a seasonally adjusted annual rate of 5.14 million in the first quarter from (more…)

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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…)

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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…)

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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…)

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St Louis Commercial Mortgage Loan Modification: Businesses Worried

Saturday, May 21st, 2011


St Louis Mortgage and Real Estate News –

St Louis Commercial Loans and Consumer Lending News: Small Businesses Still Pessimistic
St Louis Home Mortgage, In-House Financing and Consumer Loans | Principal Reduction Program | 877-334-0210 or 314-334-0210 | Floyd Tapia, Commercial Lending, Customer Financing and Loan Reduction


Recent reports say that small-business owner pessimism worsened in April for a second consecutive month, even though current sales performance was the best in 40 months.

The National Federation of Independent Business‘s (NFIB) small-business optimism index dropped (more…)

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St Louis Commercial Loans and Mortgage: Malls Still Vacant

Friday, May 20th, 2011


St Louis Mortgage and Real Estate News –

St Louis Refinancing Loans and In-House Financing News: Malls Vacancies Hit All Time High
St Louis Commercial Mortgage, Customer Financing and Consumer Lending | Principal Reduction Program | 877-334-0210 or 314-334-0210 | Floyd Tapia, Commercial Lending, Financing and Consumer Loans


Even as the economy picks up steam, many of the nation’s malls and shopping centers are suffering a hangover due to changing consumer habits and the fallout from a massive building boom. Mall vacancies hit their highest level in at least 11 years in the first quarter, new figures from real-estate research company Reis Inc. showed.

In the top 80 U.S. markets, the average vacancy rate was 9.1 percent, up from 8.7 percent. 

The outlook is especially bad for strip malls and other neighborhood shopping centers as seen by St Louis mortgage brokers.

Their vacancy rate is expected to top (more…)

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St Louis Home Loan Mortgage: West In Double Dip Recession

Thursday, May 19th, 2011


St Louis Mortgage and Real Estate News –

St Louis Loan Modification and Customer Financing News: Western United States Is Now In Double-Dip Recession
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


New data released by Clear Capital today shows that home prices in the western part of the country are sliding again, down 4.3 percent over the first three months of this year.

Granted housing is inherently local, but the company says, taken on the whole, the West region has (more…)

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St Louis Home Mortgage and Loan: Mortgage Lending Hard To Get

Wednesday, May 18th, 2011


St Louis Mortgage and Real Estate News –

St Louis Mortgage Broker and Consumer Lending News: Mortgages Are Cheap… If You Can Get One
St Louis Mortgage Rates and Commercial Loans | Principal Reduction Program | 877-334-0210 or 314-334-0210 | Floyd Tapia, Commercial Lending, Customer Financing and Loan Reduction


According to the Federal Reserve, nearly a quarter of people who apply for home loans are turned down. The denial rates tell only half the story.

Many potential buyers aren’t even applying for loans because they assume they can’t get one according to St Louis loan experts. 

That shows up in credit scores for loans financed with backing from Fannie Mae and Freddie Mac.

The average credit score has risen to (more…)

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St Louis Commercial Loan Modification: Court Upholds Foreclosure Note

Tuesday, May 17th, 2011


St Louis Mortgage and Real Estate News –

St Louis Mortgage Refinancing and Home Loan News: Florida Appellate Court Says Foreclosure Note Is Enough And Thus Valid
St Louis Home Mortgage and Commercial Loans | Principal Loan Reduction | 877-334-0210 or 314-334-0210 | Floyd Tapia, Commercial Lending, Customer Financing and Loan Reduction


A trustee that holds a homeowner’s original note and mortgage has enough evidence to establish standing to foreclose even if the homeowner believes the trustee failed to provide documents showing an official assignment of the mortgage note, a Florida appellate court ruled. 

That’s the decision the Fourth District Court of Appeal of the State of Florida wrote in the Isaac vs. Deutsche Bank National Trust case according to St Louis home loan experts. 

The homeowners, who filed the complaint, appealed a lower court’s grant of summary judgment for (more…)

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Principal Loan Reduction: BOA Sells Foreclosures

Monday, May 16th, 2011


St Louis Mortgage and Real Estate News –

St Louis Commercial Loan and Consumer Lending News: Bank of America Sells 1300 Foreclosures Through NSP
St Louis Home Mortgage and Commercial Loans | Principal Reduction Program | 877-334-0210 or 314-334-0210 | Floyd Tapia, Commercial Lending, Customer Financing and Loan Reduction


Bank of America (BOA) has resold 1,340 previously foreclosed homes to buyers who used grants from the Department of Housing and Urban Development (HUD).

The money comes from the Neighborhood Stabilization Program (NSP).

Since July 2008, roughly $6 billion (more…)

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