Posts Tagged ‘st louis real estate’

St Louis Home Loan: Loan Modification Options Coming

Wednesday, May 4th, 2011


St Louis Mortgage and Real Estate News –

St Louis Mortgage Refinancing and Lending News: More Loan Modification Options Coming
St Louis Home Mortgage and Commercial Loans | Commercial Loan Modification |
877-334-0210 or 314-334-0210 | Floyd Tapia, Commercial Lending and Loan Reduction


Six months after the Federal Housing Administration (FHA) announced an $11 billion refinancing initiative for these “underwater” borrowers, nearly two dozen lenders have agreed to take part in a new loan modification program.

The FHA program called Short Refi requires major concessions from lenders, which must agree to (more…)

Principal Loan Reduction: Housing Programs Hurt Economy

Tuesday, May 3rd, 2011


St Louis Mortgage and Real Estate News –

St Louis Mortgage Refinancing and Loan Reduction News: Greenspan Says Stimulus and Housing Programs Hurt Recovery
St Louis Home Mortgage and Commercial Loans | Principal Reduction Program |
877-334-0210 or 314-334-0210 | Floyd Tapia, Commercial Lending and Loan Modification Consultant


Former Federal Reserve Chairman Alan Greenspan said in February that massive government intervention to save the economy is to blame for the lagging recovery.

Greenspan argued for less government intervention to get the recovery rolling and businesses (more…)

St Louis Refinancing Loan: Foreclosures And Short Sales Push Market

Monday, May 2nd, 2011


St Louis Mortgage and Real Estate News –

St Louis Mortgage Lending and Loan Reduction News: 26 Percent Of Home Sales Are Foreclosures And Short Sales
St Louis Home Mortgage and Commercial Loans | Principal Loan Reduction |
877-334-0210 or 314-334-0210 | Floyd Tapia, Commercial Lending and Loan Modification Consultant


According to a RealtyTrac report released yesterday, 26 percent of all homes sold last year were foreclosures and short sales.

Homes already foreclosed on and repossessed by banks, called REOs (real estate owned), sold for an average of 36 percent less than normal sales, RealtyTrac reported.

Meanwhile, the discount for homes sold while they were still in the foreclosure process (short sales) was 15 percent as followed by the St Louis Refinancing Group news team.

“It’s like the post-holiday sales at (more…)

St Louis Mortgage Refinancing: Huge Tax Breaks For GM

Sunday, May 1st, 2011


St Louis Mortgage and Real Estate News –

St Louis Finance and In-House Financing: General Motors Gets Sweetheart Tax Break
St Louis Home Mortgage and Consumer Finance | Customer Financing | 314-334-0210 | St Louis Commercial Mortgage, Consumer Lending and Principal Loan Reduction


The United States government is giving a sweetheart deal to General Motors worth approximately $14 billion in tax revenue.

The company posted their first profitable year since 2004 according to St Louis finance experts.

But GM won’t have to worry about being hit with a big tax bill on earnings because billions in previous (more…)

St Louis Commercial Lending: Delinquency Rates Seem To Be Mixed

Wednesday, October 13th, 2010


St Louis Mortgage and Real Estate News –

St Louis Commercial Financing News: Commercial Delinquencies Are Mixed
News Press Hot Line: 314-334-0210 | Floyd Tapia


New findings by the Mortgage Bankers Association’s (MBA) Commercial/Multifamily Delinquency Report said that delinquency rates were mixed in the second (more…)

St Louis Commercial Real Estate Is Not Growing As Expected Says St Louis Mortgage Professionals

Wednesday, September 22nd, 2010


St Louis Mortgage and Real Estate News –

St Louis Commercial Financing News: Commercial Real Estate Remains Soft
News Press Hot Line: 314-334-0210 | Floyd Tapia


According to the National Association of Realtors (NAR), commercial real estate sectors, hurt by weak job growth, are offering incentives in many areas that (more…)

St Louis Mortgage Attorneys Watch As Wall Street Settles Their Federal Fraud Charges

Monday, May 31st, 2010


Credit Improvement and Credit Repair


St Louis Mortgage Refinancing and Real Estate News –

News: Goldman Settlement With the SEC Could Set Them Back Close To A Billion Dollars

Unconfirmed reports have been circulating that Goldman Sachs attorneys have entered preliminary talks with the Securities and Exchange Commission (SEC) with the goal (more…)

St Louis Home Loan Market Fears Underwater Mortgages Growing

Saturday, May 29th, 2010

 
Credit Improvement and Credit Repair

 
St Louis Mortgage Refinancing and Real Estate News –

News:  Growing Trend of U.S. Mortgages Sinking To ‘Underwater’ Status

The St Louis home loan market has noticed a growing number of American homeowners who were sadly anchored with ‘underwater mortgages’ in the (more…)

St Louis Mortgage Professionals See Freddie Mac Getting $10 Billion More

Thursday, May 27th, 2010


Credit Improvement and Credit Repair


St Louis Mortgage Refinancing and Real Estate News –

News: The Housing Finance Giant Freddie Mac Needs $10.6 billion More

Freddie Mac, the financing behemoth, at the beginning of May requested another $10.6 billion financial handout (bailout) from the federal government.

The well-known housing finance company, which (more…)

St Louis Lending Experts See Commercial Mortgage Delinquencies Rise Dramatically

Tuesday, May 25th, 2010


Credit Improvement and Credit Repair


St Louis Mortgage Refinancing and Real Estate News –

News: Commercial Mortgage Delinquencies Hit All-Time High

The talk of the lending industry is now moving towards the oncoming avalanche of overdue loans in the area of commercial mortgage-backed securities (CMBS) which (more…)