St Louis Loans: Consumer Confidence Way Down

http://www.stlouisrefinancinggroup.com/st-louis-mortgage-news/st-louis-loans-... St Louis Mortgage and Real Estate News – St Louis Finance News: Consumer Confidence Decreasing | FREE Loan Audit and Commercial Loans | 314-334-0210 The Consumer Confidence Index fell to 48.5 in September which is the lowest level in 7 months and down from August’s negatively revised level of 53.2, the Conference Board, a New York-based research group that compiles the index, said yesterday. High unemployment and unfavorable business conditions have dragged the index down to a painfully...

St Louis Loan Modification: HAMP Trials Canceled

http://www.stlouisrefinancinggroup.com/st-louis-mortgage-news/st-louis-loan-m... St Louis Mortgage and Real Estate News – St Louis Finance and Debt Negotiations News: Bank of America Pending Action On 43 Percent Of Canceled HAMP Trials | Home Mortgage and Commercial Loans | Principal Reduction Program | 877-334-0210 or 314-334-0210 | Floyd Tapia There are new reports being published that the Treasury has published the outcomes of failed HAMP trials that were canceled largely due to insufficient documents. Of the 148,129 Home Affordable Modification Program trials Bank of America (BoA) has canceled through August, more than 63,000, or 43 percent, still await additional...

St Louis Mortgage Refinancing: Refinance Applications Down

http://www.stlouisrefinancinggroup.com/st-louis-mortgage-news/st-louis-mortga... St Louis Mortgage and Real Estate News – St Louis Finance News: MBA Says Refinance Applications Decrease | Home Mortgage and Commercial Loans | 314-334-0210 The Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending September 24, 2010 decreased 0.8 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index decreased...

St Louis Lending: Tax Mail May Be History

http://www.stlouisrefinancinggroup.com/st-louis-mortgage-news/st-louis-lendin... St Louis Mortgage and Real Estate News – St Louis Finance News: No More Tax Mail? | Home Mortgage and Commercial Loans | 314-334-0210 Traditional IRS packages sent through the mail may soon be a thing of the past. Electronic filing of tax returns has become so popular that the Internal Revenue Service will no longer automatically...

St Louis Finance: Banks Are Still Failing

http://www.stlouisrefinancinggroup.com/st-louis-mortgage-news/st-louis-financ... St Louis Mortgage and Real Estate News – St Louis Finance News: Banks Continue to Fail | Debt Negotiations and Commercial Loans | 314-334-0210 As the numbers continue to rise, 279 banks have collapsed since September 25, 2008. Among those numbers included Washington Mutual who became the biggest bank failure on record. That incredible loss dwarfed the 1984 demise of Continental Illinois, which had only one-seventh of...

St Louis Home Loan: One Third Of Borrowers Cannot Afford Mortgage

http://www.stlouisrefinancinggroup.com/st-louis-mortgage-news/st-louis-home-l... St Louis Mortgage and Real Estate News – St Louis Finance News: About 29 Percent of Borrowers Cannot Afford Their Mortgage | Home Mortgage and Commercial Loans | Principal Reduction Program | 877-334-0210 or 314-334-0210 | Floyd Tapia There has been new research by Zillow Mortgage Marketplace stating that any potential borrower with a credit score less than 620 is unlikely to receive a 30-year fixed-mortgage, even if they offer a relatively high down payment. Yet, according to myFICO.com, 29.7 percent of Americans have...

St Louis Mortgage: Nearly A Quarter Of Private Mortgages Default

http://www.stlouisrefinancinggroup.com/st-louis-mortgage-news/st-louis-mortga... St Louis Mortgage and Real Estate News – St Louis Finance News: Nearly 23 Percent of Private Mortgages Default | Home Mortgage and Commercial Loans | 314-334-0210 | Floyd Tapia Recent St Louis mortgage reports show that approximately 12 percent of mortgages modified under the government’s Home Affordable Modification Program, known as HAMP, have fallen two months behind in payments, according to a banking regulators’ report issued Friday. On the other hand, slightly more than...

St Louis Lending: Mortgage Loan Products Around The World

http://www.stlouisrefinancinggroup.com/st-louis-mortgage-news/st-louis-lendin... St Louis Mortgage and Real Estate News – St Louis Finance News: Alternative Mortgage Loan Products Around the World | Home Mortgage and Commercial Loans | 314-334-0210 | Floyd Tapia There was an interesting study released by the Mortgage Bankers Association (MBA) highlighting various mortgage loan products with features like longer terms, interest-only periods and flexible payment designs which are quite common in other countries and are not associated with...

St Louis Home Mortgage: New Home Sales Near Record Lows

http://www.stlouisrefinancinggroup.com/st-louis-mortgage-news/st-louis-home-m... St Louis Finance News: New Home Sales Near Lows | Home Mortgage and Commercial Loans | 314-334-0210 | Floyd Tapia New home sales were flat in August at a seasonally adjusted annual rate of 288,000, the second lowest level since the Commerce Department started tracking new home sales in 1963. Sales year-over-year are down 28.9 percent. Home sales were expected to jump to an annual rate of 291,000 in August, according to a consensus estimate of...

St Louis Commercial Lending: Mortgage Debt Has Declined

http://www.stlouisrefinancinggroup.com/st-louis-mortgage-news/st-louis-commer... St Louis Mortgage and Real Estate News – St Louis Commercial Financing News: Mortgage Debt Declined | Home Mortgage and Commercial Loans | 314-334-0210 | Floyd Tapia According to the Mortgage Bankers Association’s (MBA) analysis of the Federal Reserve Board Flow of Funds data, the level of commercial and multifamily mortgage debt outstanding decreased in the second quarter, to $3.24 trillion. The $3.24 trillion in commercial/multifamily mortgage debt outstanding recorded by the...