St Louis Finance: United States Losing Competitiveness In The World

http://www.stlouisrefinancinggroup.com/st-louis-mortgage-news/st-louis-financ... St Louis Finance News: The United States Losing More Competitiveness Residential and Commercial Loans: 314-334-0210 | Floyd Tapia More gloomy financial news for America. According to the Global Competitiveness Report for 2010-2011, released by the World Economic Forum, the United States was overtaken by Sweden and Singapore, partly because of the sluggish economy and political uncertainly that have weakened the private sector. Switzerland tops the list, with Sweden notching up to second place and Singapore moving up to third...

St Louis Lending Community: Double Dipping On The Way

http://www.stlouisrefinancinggroup.com/st-louis-mortgage-news/st-louis-lendin... St Louis Finance News: Clear Capital Predicts Double Dip Coming | Residential and Commercial Loans: 314-334-0210 | Floyd Tapia Momentary good news has home prices gaining 5.7 percent over three months ending in August, according to real estate data provider Clear Capital. But analysts added price growth has slowed and will drop to a new low in 2011. The price gain through August is down 240 basis points from the July report, which...

St Louis Mortgage: Some Homeowners Given Refunds While Others Received Loans

http://www.stlouisrefinancinggroup.com/st-louis-mortgage-news/st-louis-mortga... St Louis Finance: And So It Goes… the Government Giveth and Taketh Away | Residential and Commercial Loans: 314-334-0210 | Floyd Tapia When it rains it pours. According to a report from the Inspector General for Tax Administration, about 950,000 of the nearly 1.8 million Americans who claimed the home buyers tax credit on their 2009 tax returns will have to return the money. Oh, no… say it ain’t so Mr. Bernanke. Sadly it is the truth. Homeowners who bought properties...

St Louis Home Loan: FHA Insurance Increase

http://www.stlouisrefinancinggroup.com/st-louis-mortgage-news/st-louis-home-l... St Louis Finance News: As FHA Insurance Increases, How Long Will They Take To Work? | Commercial and Residential Loans: 314-334-0210 | Floyd Tapia In the month of August 2010, the Senate approved a bill that would allow the FHA to raise insurance premiums on the mortgages it backs. The changes took effect October 4, 2010. The upfront premium will be cut to 1 percent from 2.25 percent, while the monthly yield was...

St Louis Home Mortgage: National Trade Deficit Gap Drops

http://www.stlouisrefinancinggroup.com/st-louis-mortgage-news/st-louis-home-m... St Louis Finance News: National Trade Deficit Drops | Residential and Commercial Loans: 314-334-0210 | Floyd Tapia Recent news covered a report from the Commerce Department saying the national trade deficit fell to $42.8 billion from $49.8 billion in June, below the forecast of a $47.3 billion gap from economists surveyed by Briefing.com. Exports hit a record $153.3 billion in July, up 2 percent from June and 18 percent from a year earlier. Imports...

St Louis Finance: Title Insurance Premiums Are Down

http://www.stlouisrefinancinggroup.com/st-louis-mortgage-news/st-louis-financ... St Louis Finance News: ALTA Says Title Insurance Premiums Down | Residential and Commercial Loans: 314-334-0210 | Floyd Tapia Recent financial news reports that according to a market share analysis done by the American Land Title Association (ALTA), title insurance premiums decreased 8.5 percent year-over-year to a total of $2.3 billion. The total of title insurance premiums for the first half of 2010 is also down relative to...

St Louis Mortgage: Delaying Foreclosures May Cost Lenders Money

http://www.stlouisrefinancinggroup.com/st-louis-mortgage-news/st-louis-mortga... St Louis Finance News: The Possibility of Foreclosure Delays May Cost Lenders | Commercial and Residential Loans: 314-334-0210 | Floyd Tapia Recent letters that have been sent to servicers announced that Fannie Mae will now review the compensatory fees due to servicers in cases where the government sponsored entity feel servicers are unnecessarily delaying foreclosure. It says that loans...

St Louis Mortgage: Delinquency Rates Remain High For HFA

http://www.stlouisrefinancinggroup.com/st-louis-mortgage-news/st-louis-mortga... St Louis Finance News: Loan Delinquencies May Be Slowing For HFAs | Residential and Commercial Loans: 314-334-0210 | Floyd Tapia In the first quarter of 2010, state housing finance agencies’ (HFAs) delinquencies declined for the first time since overall performance of loans began to deteriorate in the second quarter of 2008, according to Standard & Poor’s. But analysts at the credit ratings agency say the...

St Louis Finance: Jobless Claims Going Down

http://www.stlouisrefinancinggroup.com/st-louis-mortgage-news/st-louis-financ... St Louis Finance News: Jobless Claims Seem To Be Going Down | Residential and Commercial Loans: 314-334-0210 | Floyd Tapia Brand new weekly report provided by the Labor Department reported that there were 472,000 initial jobless claims filed in the week ending August 28, down 6,000 from an upwardly revised 478,000 the previous week. Economists surveyed by Briefing.com were originally...

St Louis Commercial Lending: Delinquency Rates Seem To Be Mixed

http://www.stlouisrefinancinggroup.com/st-louis-mortgage-news/st-louis-commer... St Louis Commercial Financing News: Commercial Delinquencies Are Mixed Commercial and Residential Loans: 314-334-0210 | Floyd Tapia New findings by the Mortgage Bankers Association’s (MBA) Commercial and Multifamily Delinquency Report said that delinquency rates were mixed in the second quarter for commercial/multifamily mortgage investor groups. The delinquency rate for loans held in commercial mortgage-backed securities (CMBS) is the...