St Louis Loan: Industrial Production Falls

http://www.stlouisrefinancinggroup.com/st-louis-mortgage-news/st-louis-loan-i... St Louis Mortgage and Real Estate News – St Louis Finance News: Industrial Production Is Down | St Louis Home Mortgage and Commercial Loans | Principal Reduction | 877-334-0210 or 314-334-0210 | Floyd Tapia The Federal Reserve reports that output at the nation’s factories, mines and utilities dropped 0.2 percent in September-October 2010. Industrial production grew 4.8 percent in the July-September quarter, slower than the 7 percent gains in each of the first two quarter of this year according to St Louis loan experts. Factory output, the largest element...

St Louis Home Mortgage: Unemployment Rises Again

http://www.stlouisrefinancinggroup.com/st-louis-mortgage-news/st-louis-home-m... St Louis Mortgage and Real Estate News – St Louis Finance News: Jobless Claims On The Rise | St Louis Home Mortgage and Commercial Loans | Principal Reductions | 877-334-0210 or 314-334-0210 | Floyd Tapia, Commercial Lending and Loan Compliance Advocate There were 462,000 initial jobless claims filed in the week ended October 9, up 13,000 from an upwardly revised 449,000 the previous week, according to the Labor Department’s weekly report. St Louis finance experts said economists surveyed by Briefing.com were expecting...

St Louis Lending: VAT Could Cost Millions of Jobs

http://www.stlouisrefinancinggroup.com/st-louis-mortgage-news/st-louis-lendin... St Louis Mortgage and Real Estate News – St Louis Finance News: NRF Says VAT Would Cost A Million Jobs | St Louis Home Mortgage and Commercial Loans | 314-334-0210 The National Retail Federation (NRF) said a study it commissioned estimates a European-style Value Added Tax (VAT) would result in the loss of 850,000 jobs in its first year, reduce the United States gross domestic product for three years, and cut retail spending by $2.5 billion over its first decade. Certainly not good news in an already dying economy as agreed by St Louis lending experts. The study, which was conducted by...

St Louis Finance: Foreclosure Auctions On The Rise

http://www.stlouisrefinancinggroup.com/st-louis-mortgage-news/st-louis-financ... 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...

St Louis Commercial Lending: Sales May Be Up

http://www.stlouisrefinancinggroup.com/st-louis-mortgage-news/st-louis-commer... 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...

St Louis Commercial Lending: Sales May Be Up

http://www.stlouisrefinancinggroup.com/st-louis-mortgage-news/st-louis-commercial-lending-sales-may-be-up 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...

St Louis Loan: QE2 Expected To Fail

http://www.stlouisrefinancinggroup.com/st-louis-mortgage-news/st-louis-loan-q... St Louis Mortgage and Real Estate News – St Louis Finance News: QE2 will be disastrous? | Home Mortgage 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...

St Louis Mortgage Refinance: Refinancing Applications Up

http://www.stlouisrefinancinggroup.com/st-louis-mortgage-news/st-louis-mortga... St Louis Mortgage and Real Estate News – St Louis Finance News: The MBA Says Refinance Applications Up | Home Mortgage and Commercial Loans | 314-334-0210 Reports are being released from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending October 8, 2010 which saw an increase of 14.6 percent on a seasonally adjusted basis from one week earlier according to the St Louis mortgage refinance council. On an unadjusted basis, the Index increased 14.8 percent compared with...

St Louis Mortgage Loan: The Great Mortgage Fiasco

http://www.stlouisrefinancinggroup.com/st-louis-mortgage-news/st-louis-mortga... St Louis Mortgage and Real Estate News – St Louis Finance News: The Latest On The Mortgage Fiasco | Principal Reductions | Home Mortgage and Commercial Loans | 877-334-0210 or 314-334-0210|Floyd Tapia Ally Financial, previously known as GMAC, the finance arm of General Motors, said recently it has hired outside accounting and legal firms to examine its foreclosure procedures in all 50 states. However, that effort will not look at individual cases according to St Louis mortgage loan experts which now...

St Louis Mortgage: Past Predatory Lending

http://www.stlouisrefinancinggroup.com/st-louis-mortgage-news/st-louis-mortga... St Louis Mortgage and Real Estate News – St Louis Finance News: Predatory Lending Race Based? | Home Mortgage and Commercial Loans | 314-334-0210 According to a new study published in the American Sociological Review, predatory lending aimed at racially segregated minority neighborhoods led to mass foreclosures that fueled the U.S. housing crisis according to St Louis mortgage reports. Poorer minority areas became a focus of these practices in the 1990s with the growth of...