St Louis Home Mortgage: Give FHA More Authority

http://www.stlouisrefinancinggroup.com/st-louis-mortgage-news/st-louis-home-m... St Louis Finance News: MBA Says Give FHA More Resources and Authority Home Mortgage and Commercial Loans: 314-334-0210 | Floyd Tapia Just recently, a paper by the MBA entitled, “The Future of the Federal Housing Administration (FHA) and the Government National Mortgage Association (Ginnie Mae),” wants the FHA to be granted the resources to better manage the...

St Louis Home Loan: Fannie, Freddie and the FHA In Trouble

http://www.stlouisrefinancinggroup.com/st-louis-mortgage-news/st-louis-home-l... St Louis Finance News: There Is Trouble Brewing For The 3 F(s) Home Mortgage and Commercial Loans: 314-334-0210 | Floyd Tapia Things are looking ever more so bleak for the big three lending monsters as we end this volatile 2010 year. Now that we’ve gotten the third quarter reports from Fannie Mae, Freddie Mac and the FHA, the picture of housing’s future is becoming ever clearer. The combined...

St Louis Finance: Analysts Say Bankruptcies Are Up

http://www.stlouisrefinancinggroup.com/st-louis-mortgage-news/st-louis-financ... St Louis Finance News: Bankruptcy Filings Up Approximately 14 Percent Home Mortgage and Commercial Loans | Principal Reduction 877-334-0210 or 314-334-0210 | Floyd Tapia Now that Congress has settled in with a new majority, one of the main issues that both parties should take a very close look at would be bankruptcy filings. In the federal government’s fiscal year 2010, which ended September 30, more than 1.5 million non-business bankruptcy filings were processed, according to...

St Louis Lending: Consumer Debts Seem To Be Falling

http://www.stlouisrefinancinggroup.com/st-louis-mortgage-news/st-louis-lendin... St Louis Finance News: Consumer Debt Slashing Nears $1 Trillion Mortgage and Commercial Loans: 314-334-0210 | Floyd Tapia The Federal Reserve Bank of New York recently reported that total consumer debt was $11.6 trillion as of September 30 which was down 7.4 percent, or $922 billion, from the peak reached in the third quarter of 2008. Consumer indebtedness fell another 0.3 percent in the third quarter, after a 3.3 percent decline in...

St Louis Home Mortgage: Market Shows Lower Demand for Home Loans

http://www.stlouisrefinancinggroup.com/st-louis-mortgage-news/st-louis-home-m... St Louis Finance News: There Is Less Demand For Mortgage Loans | Mortgage and Commercial Loans and Principal Reductions: 314-334-0210 | Floyd Tapia The Federal Reserve has recently reported that as of July, commercial banks have reversed their trend and have eased their lending standards. This was based upon a survey of loan officers at 77 participating banks. Smaller banks or those with annual sales of less than $50 million actually...

St Louis Mortgage: Home Prices Drop Again

http://www.stlouisrefinancinggroup.com/st-louis-mortgage-news/st-louis-mortga... St Louis Finance News: Home Prices Drop About 5 Percent | Home Mortgage and Commercial Loans: 314-334-0210 | Floyd Tapia According to the Clear Capital Home Price Index, national home prices fell 5 percent for the three months ending in October, while double-dip disparity still rages on a micro-market level. The data joins a chorus of bad news, both on Altos Research’s falling home prices and an unexpected...

St Louis Mortgage Consumers Not Sympathetic That Banks Are Hurting

http://www.stlouisrefinancinggroup.com/st-louis-mortgage-news/st-louis-mortga... St Louis Finance News: Banks Financial Conditions Are Hurting According to Wall Street | Home Mortgage and Commercial Loans: 314-334-0210 | Floyd Tapia There is more bad news on Wall Street. Inside the great investment houses on Wall Street, business has taken a turn spirally downward. After an unusually sharp slowdown in trading this summer, analysts are rethinking their profit forecasts for 2010. The activities at the heart of what Wall Street does which includes selling and trading stocks and bonds, and advising on mergers are running at levels well...

St Louis Home Loan Analysis: 10 Reasons To Own A Home

http://www.stlouisrefinancinggroup.com/st-louis-mortgage-news/st-louis-home-l... St Louis Finance News: According To The Wall Street Journal, Here Are 10 Reasons To Own A House | Mortgage and Commercial Loans: 314-334-0210 | Floyd Tapia 1. You can get a good deal. Especially if you play hardball. This is a buyer’s market. Most of the other buyers have now vanished, as the tax credits on...

St Louis Finance Experts Wonder If Raising Taxes Will Kill Small Businesses

http://www.stlouisrefinancinggroup.com/st-louis-mortgage-news/st-louis-financ... St Louis Finance News: Will Raising Taxes Kill Small Businesses? Commercial and Residential Loans: 877-334-0210 | Floyd Tapia Where is all the bipartisan efforts when needed? Just recently, Republicans have said that raising taxes on the wealthy would cause small businesses to hire less employees. On the other side of the fence are many leading Democrats who say that’s completely nonsense. Who’s right? The Obama administration wants to raise income tax rates on individuals making more than...

St Louis Home Mortgage Sees Short Sales Rising

http://www.stlouisrefinancinggroup.com/st-louis-mortgage-news/st-louis-home-m... St Louis Finance News: Shadow Inventory Growing While Short Sales Rising | Residential and Commercial Loans: 314-334-0210 | Floyd Tapia There are currently 2.5 million homes in foreclosure that is nearing its complete process. A special report released by John Burns Real Estate Consulting predicts that national delinquencies will fall and REO inventory and short sales are expected to trend upward. There are currently 562,000...