Posts Tagged ‘st louis loan’

St Louis Loan: Bank of America Settles

Saturday, April 9th, 2011


St Louis Mortgage and Real Estate News –

St Louis Finance Lending and Loan Reduction: Bank of America Settles For $3 Billion Dollars
St Louis Home Mortgage and Commercial Loans | Principal Reduction Program | 877-334-0210 or 314-334-0210 | Floyd Tapia, Commercial Lending and Loan Modification Advocate


Bank of America (BOA) said that it paid nearly $1.3 billion to Freddie Mac and more than $1.3 billion to Fannie Mae on December 31, 2010 to resolve a faulty mortgage loan dispute involving Countrywide Financial Corp.

The $2.6 billion worth of payments to Freddie and Fannie, combined with potential losse on future repurchases from government-sponsored enterprises, adds up to $3 billion in expenses, according to St Louis loan experts.

Bank of America also expects to take an additional $2 billion charge to fourth-quarter results from (more…)

Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,
Posted in st louis mortgage news | No Comments »

St Louis Finance: Foreclosure Auctions On The Rise

Sunday, January 9th, 2011


St Louis Mortgage and Real Estate News –

St Louis Loan News: Foreclosure Auctions Hit New Record
Home Mortgage and Commercial Loans | Principal Reductions
877-334-0210 or 314-334-0210 | Floyd Tapia


Recent data from RealtyTrac said 372,445 foreclosure auctions were scheduled in July, August and September, while 288,345 properties were repossessed by lenders over the same time period.

Overall foreclosure filings edged up to 930,437 in the third quarter, a 4 percent increase from the previous quarter according to St Louis home mortgage experts.

One in every 139 homeowners received a foreclosure filing during those three months.  Bank repossessions, (more…)

Tags: , , , , , , , , , , , , , , ,
Posted in st louis mortgage news | No Comments »

St Louis Commercial Lending: Sales May Be Up

Saturday, January 8th, 2011


St Louis Mortgage and Real Estate News –

St Louis Commercial Loan News: Will There Be More Commercial Real Estate Loan Sales For 2011?
Commercial and Home Mortgage Loans | Principal Reduction
877-334-0210 or 314-334-0210 | Floyd Tapia


United States commercial real estate investors expect more property sales next year as lenders step up foreclosures to meet the hunger for distressed properties according to St Louis commercial mortgage refinancing experts.

But they are wary of the United States economy and will continue to flock to higher quality properties whose rents cover mortgages, according to Emerging Trends in Real Estate 2011.

The report, by the Urban Land Institute and PriceWaterhouseCoopers, surveyed about 875 property (more…)

Tags: , , , , , , , , , , ,
Posted in st louis mortgage news | 2 Comments »

St Louis Loan: QE2 Expected To Fail

Friday, January 7th, 2011


St Louis Mortgage and Real Estate News –

St Louis Finance News: QE2 will be disastrous?
Residential and Commercial Loans | 314-334-0210


The stock and bond markets have soared in recent weeks on the expectation that the Federal Reserve will soon embark on “QE2″ according to St Louis loan experts.

This is a new “quantitative easing” plan in which the Federal Reserve buys debts like (more…)

Tags: , , , , , , , , , , , , , , ,
Posted in st louis mortgage news | No Comments »

St Louis Loan: Rise and Fall of Durable Goods

Monday, December 6th, 2010


St Louis Mortgage and Real Estate News –

St Louis Finance News: Durable Good Orders On The Rise
Residential and Commercial Loans | 314-334-0210


The overall demand for durable goods fell 1.3 percent in August, the Commerce Department posted in their monthly report.

But that was pulled down by a significant drop in orders for aircraft. But when you exclude the volatile transportation sector, orders actually (more…)

Tags: , , , , , , , , , , , , , , ,
Posted in st louis mortgage news | No Comments »

St Louis Mortgage Lenders Say No Loans To Small Businesses

Thursday, July 29th, 2010


St Louis Mortgage and Real Estate News –

St Louis Finance News: St Louis Small Business Loans Drying Up [News Hot Line: 314-334-0210 | Floyd Tapia]


Small business loans have dropped considerably from $710 billion that was made available in the (more…)

Tags: , , , , , , , , , ,
Posted in st louis mortgage news | No Comments »

St Louis Loan Experts Say Taxpayers May Be Hit With $1 Trillion In Debt

Thursday, July 22nd, 2010


St Louis Mortgage and Real Estate News –

St Louis Finance News: Taxpayers Could Pay Over $1 Trillion For Fannie And Freddie Bailout [News Hot Line: 314-334-0210 | Floyd Tapia]


It is now being estimated that American consumers may be on the line for more than the original (more…)

Tags: , , , , , , , , , , , ,
Posted in st louis mortgage news | No Comments »

St Louis Finance Terms Will Get Tough For Home Buyers Who Walk Away

Sunday, July 18th, 2010


St Louis Mortgage and Real Estate News –

St Louis Finance News: Homeowners Who Strategically Default On Their Home Mortgage Will Face Harsh Consequences [News Hot Line: 877-334-0210 | Floyd Tapia]


New legislation coming from Capitol Hill will allow Fannie Mae to take legal action against mortgage owners (more…)

Tags: , , , , , , , , , , , ,
Posted in st louis mortgage news | No Comments »