St Louis Home Mortgage Lending and Refinancing Loans: Delinquencies Drop
St Louis Mortgage and Real Estate News –
St Louis Home Loan and Mortgage Refinancing News: National Delinquency Rate Drops
St Louis Home Mortgage and Commercial Loans | Principal Reduction Program
877-334-0210 or 314-334-0210 | Floyd Tapia, Commercial Lending and Loan Reduction
The national delinquency rate continued to fall down to 7.9 percent in March 2011, according to the "First Look" report from Lender Processing Services.
This financial report provides
month-end mortgage performance statistics from LPS' loan-level database of nearly 40 million mortgages.
The Jacksonville, Florida based firm will release more detailed reporting in its upcoming "Mortgage Monitor" report.
The mortgage delinquency rate has consistently decreased throughout all of 2011.
March's figure is down 11.6 percent compared to February and down 19.4 percent compared to March 2010.
This still accounts for an estimated 4.1 million homes that are 30-plus days delinquent, LPS reported.
Approximately 2 million of those are seriously delinquent which means 90-plus days delinquent but not yet in foreclosure.
There are also an estimated 2.2 million homes that make up the foreclosure pre-sale inventory, LPS said.
Florida posted the highest percentage of delinquent mortgages statewide in January 2011, followed by Nevada, Mississippi, New Jersey and Georgia.
The states with the least percentage were, in descending order, Montana, Wyoming, Alaska, South Dakota and North Dakota.
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Articles and News Sponsored by Liberty Lending Consultants
When applying for any type of St Louis mortgage or refinancing, call Liberty Lending Consultants, the recognized St Louis home loan and refinancing experts, at (314) 336-9111 and ask for Steve Swan or Doug Stahlschmidt.
Business Owners: Call us at (314) 334-0210 and retain us for one of the best commercial loan modification and principal loan reduction programs available. A principal reduction or loan modification can help if you are underwater with negative equity. As commercial lending and loan modification program consultants, Floyd Tapia and his lending and legal team can focus on bringing you innovative private lending solutions to meet all types of financing needs. We have access to the largest portfolio of private lending institutions and investor backed funding sources available.Let us turn your challenges into closings (or from being underwater equity wise) and help you get a St Louis commercial lending, mortgage or financing loan.
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