Posts Tagged ‘unemployment’

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St Louis Mortgage Lending or In House Financing: Another Recession May Be Coming

Wednesday, January 11th, 2012


St Louis Mortgage and Real Estate News -

St. Louis Finance and Customer Financing News: Recession To Be or Not To Be?


St Louis Home Loan, Financing for Customers and Consumer Lending | Principal Reduction Program | 314-334-0210 | St Louis Commercial Mortgage, Consumer Finance and Principal Loan Reduction


A summer of modest economic growth is helping dispel lingering fears that another recession might be near. Whether the strength can be sustained is less certain. (more…)

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St Louis Mortgage Lending and Customer Financing: More Foreclosures Coming

Friday, January 6th, 2012


St Louis Mortgage and Real Estate News -

St. Louis Home Loan Mortgage and In-House Financing News: More Foreclosures on the Way


St Louis Home Loan, Financing For Customers and Consumer Lending | Principal Reduction Program | 314-334-0210 | St Louis Commercial Mortgage, Consumer Finance and Principal Loan Reduction


Two key indices of home prices likely fell in August, suggesting large numbers of foreclosures and continued high joblessness are acting as a drag on the market, according to a new forecast.

The Case-Shiller 20-city composite home price (more…)

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St Louis Mortgage Broker and House Loan: Misery Index Is Bad News

Sunday, May 15th, 2011


St Louis Mortgage and Real Estate News –

St Louis Finance Lending and Customer Financing News: Misery Index Means Trouble For Current Administration
St Louis Home Mortgage and Commercial Loans | Principal Reduction Program | 877-334-0210 or 314-334-0210 | Floyd Tapia, St Louis Commercial Lending, Consumer Lending and Loan Modification


The Misery Index has proven costly to past presidential administrations.

This index is a simple calculation that became a political hot potato in the late 1970′s and early 1980′s.

By adding the unemployment rate and (more…)

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St Louis Home Mortgage: Foreclosures Spreading

Monday, April 18th, 2011


St Louis Mortgage and Real Estate News –

St Louis Finance and Loan News: Foreclosures Spread
St Louis Mortgage Refinancing and Commercial Loans | Principal Reduction Program | 877-334-0210 or 314-334-0210 | Floyd Tapia, Commercial Lending and Loan Modification Advocate

According to a report released early in 2011 by RealtyTrac, one out of every 9 homes in Las Vegas, Nevada received some kind of default notice in 2010.

But there seems to be a silver lining: The foreclosure rate is actually dropping in Vegas which was down 7 percent compared to the end of 2009 according to the  St Louis Refinancing Group news team.

In fact, rates fell in all top 10 foreclosure markets of 2010. In second highest foreclosure market, (more…)

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St Louis Home Mortgage: Federal Reserve Did Not Help Economy

Thursday, April 7th, 2011


St Louis Mortgage and Real Estate News –

St Louis Finance Lending and Loan Reduction News: Surprising Financial Turn as Federal Reserve’s Policy Helped Stocks And Not Economy
St Louis Mortgage and Commercial Loans | Principal Reduction Program | 877-334-0210 or 314-334-0210 | Floyd Tapia, Commercial Lending and Loan Modification Advocate


According to a CNBC Fed Survey in December, the Federal Reserve’s policy to purchase $600 billion of bonds in a program widely known as QE2 has been mostly ineffective at lowering interest rates and will do little to improve the unemployment rate.

The survey of 76 economists, bond and stock traders, and analysts, found about 62 percent saying the Fed’s program has been ineffective at lowering interest rates.

A similar percentage believes the (more…)

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St Louis Mortgage: Weak Recovery For Years

Sunday, March 6th, 2011


St Louis Mortgage and Real Estate News –

St Louis Loan and Finance News: Federal Reserve Predicts Weak Recovery For Years
St Louis Home Mortgage and Commercial Loans | Principal Reduction Program | 877-334-0210 or 314-334-0210 | Floyd Tapia, St Louis Loan Modification


According to minutes from the Federal Reserve’s November 2010 meeting, more than half of the central bank’s policymakers thought it would take about five or six years for unemployment, growth and inflation to return to more normal levels.

Other Fed members warned the full economic recovery could take even longer than that.  The much weaker forecast is the major reason that policymakers (more…)

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Loan Reduction St Louis: Foreclosure Starts Rise

Wednesday, March 2nd, 2011

St Louis Mortgage and Real Estate News –

St Louis Loan Audit and Finance News: MBA Says Foreclosures Down While Foreclosure Starts Rise
Home Mortgage and Commercial Loans | Principal Reduction | 877-334-0210 or 314-334-0210 | Floyd Tapia


According to the Mortgage Bankers Association’s (MBA) National Delinquency Survey (Foreclosures), the delinquency rate for mortgage loans on one-to-four-unit residential properties decreased to a seasonally adjusted rate of 9.13 percent of all loans outstanding as of the end of the third quarter of 2010.

This was a decrease of 72 basis points from the second quarter of 2010, and a decrease of 51 basis points from one year ago according to loan reduction experts.

The non-seasonally adjusted delinquency rate decreased one basis point to 9.39 percent this quarter from (more…)

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St Louis Finance: Will Housing Struggle In 2011

Monday, February 28th, 2011


St Louis Mortgage and Real Estate News –

St Louis Loan Audit and Principal Loan Reduction News: According To A Rent Reuters Report The Housing Market Will Struggle In 2011
Home Mortgage and Commercial Loans | Principal Reduction Program | 877-334-0210 or 314-334-0210 | Floyd Tapia


According to a Reuters poll, the United States housing market will stagnate this year as foreclosures and joblessness sap the demand needed to mop up an excess of homes on the market.

While a housing recovery will be sustained, home prices, which have plunged by about a third since (more…)

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St Louis Home Loans: 2011 Is Looking Dismal

Friday, February 25th, 2011


St Louis Mortgage and Real Estate News –

St Louis Finance Lending and Loan Reduction News: Orszag Says 2011 May Be Looking Worse Than Originally Expected
St Louis Home Mortgage and Commercial Loans | Principal Reduction Program | 877-334-0210 or 314-334-0210 | Floyd Tapia, Commercial Mortgage Loan Modification


About two months ago, Peter Orszag, Obama’s former director of the Office of Management and Budget, offered his views to the media in a conference call entitled:  “Out with the Rhetoric and In With the Facts on the Budget.”

The tectonic shifts in the financial sector, housing market, and subsequent (and ongoing) consumer de-leveraging pose drastically difficult obstacles for the Federal Reserve.

Orszag noted that, unlike slowdowns that are associated with monetary policy being tweaked in (more…)

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St Louis Foreclosures Rose In 3rd Quarter of 2010

Saturday, February 5th, 2011


St Louis Mortgage and Real Estate News –

St Louis Principal Reduction and In-House Financing News: Foreclosures Climbed Higher In The Third Quarter of 2010
St Louis Home Mortgage and Commercial Loans | Customer Financing and Principal Reduction Program | Foreclosure Stop
314-334-0210 | Floyd Tapia, Consumer Finance Consultant


Foreclosure filings increased from last year in 133 of 206 metropolitan statistical areas tracked in the third quarter, or 65 percent, according to RealtyTrac.

The Seattle area had the highest increase. There, foreclosure filings, which include notices of default, pending cases, notices of foreclosure sale and repossessions, increased (more…)

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