St Louis Home Loan: Consumer Confidence Seems To Be Up

http://www.stlouisrefinancinggroup.com/st-louis-mortgage-news/st-louis-home-l... St Louis Finance News: Consumer Confidence May Be Up Ever So Slightly | Residential and Commercial Loans: 314-334-0210 | Floyd Tapia There seems to be some good news among some consumers as August statistics have shown. The Consumer Confidence Index rose to 53.5 in August, from July’s upwardly revised level of 51.0, the Conference Board, a New York-based research group that compiles the index. The rise follows two months of...

St Louis Home Mortgage: Home Prices Up For Now

http://www.stlouisrefinancinggroup.com/st-louis-mortgage-news/st-louis-home-m... St Louis Finance News: It Appears Home Prices Are Up For Now Residential and Commercial Loans: 314-334-0210 | Floyd Tapia It appears that good news is happening in the housing marketing. National home prices jumped 3.6 percent in the past year according to the S&P/Case-Shiller Home Price Index. Prices also climbed 4.4 percent in the second quarter compared with a...

St Louis Mortgage: Banks Modify More Loans Than HAMP

http://www.stlouisrefinancinggroup.com/st-louis-mortgage-news/st-louis-mortga... St Louis Finance News: Banks Seem To Be Modifying More Loans Than HAMP | Commercial and Residential Loans: 314-334-0210 | Floyd Tapia Banks are progressively moving forward seeming to have become a surprise help to those seeking loan modifications. It is true that they have long come under fire not doing enough to help troubled homeowners, particularly when...

St Louis Home Mortgage Analysts See Economists With Mixed Views

http://www.stlouisrefinancinggroup.com/st-louis-mortgage-news/st-louis-home-m... St Louis Finance News: NABE – Economists Seem To Have Mixed Viewpoints On What To Do | Commercial and Residential Loans: 314-334-0210 | Floyd Tapia There seems to be mixed feelings coming from various economists on what direction Washington should take as regards the economic recovery. The National Association of Business Economists (NABE) recently said that three-quarters of its members believe that promoting economic growth should be a...

St Louis Mortgage Community Notices Fannie Mae Portfolio Up

http://www.stlouisrefinancinggroup.com/st-louis-mortgage-news/st-louis-mortga... St Louis Finance News: Fannie Mae Portfolio Up 4.1 Percent | Commercial and Residential Loans: 314-334-0210 | Floyd Tapia Current reports indicate that Fannie Mae’s mortgage portfolio through July 2010 was up 4.1 percent from one year ago but was down from June 2010. In addition, the GSE issued nearly half the mortgage-backed securities during that same month of...

St Louis Mortgage Delinquencies Down Yet First Time Delinquencies Are Up

http://www.stlouisrefinancinggroup.com/st-louis-mortgage-news/st-louis-mortga... St Louis Finance News: MBA Says Delinquencies Down Overall But First Time Delinquencies Up | Commercial and Residential Loans: 314-334-0210 | Floyd Tapia Recent reports coming in from the Mortgage Bankers Association (MBA), the nation’s overall mortgage delinquency rate dropped to 9.85 percent in the second quarter of 2010. This is down from 10.06 percent of all loans outstanding three months prior. The percentage of seriously delinquent loans...

St Louis Mortgage Delinquencies Down Yet First Time Delinquencies Are Up

http://www.stlouisrefinancinggroup.com/st-louis-mortgage-news/st-louis-mortga... St Louis Finance News: MBA Says Delinquencies Down Overall But First Time Delinquencies Up | Residential and Commercial Loans: 314-334-0210 | Floyd Tapia Recent reports coming in from the Mortgage Bankers Association (MBA), the nation’s overall mortgage delinquency rate dropped to 9.85 percent in the second quarter of 2010. This is down from 10.06 percent of all loans outstanding three months prior. The percentage of seriously delinquent loans which...

Unemployment Claims Much Higher Than Expected According To St Louis Mortgage Data

http://www.stlouisrefinancinggroup.com/st-louis-mortgage-news/unemployment-cl... St Louis Finance News: Jobless Claims Higher Than Originally Expected Residential and Commercial Lending: 314-334-0210 | Floyd Tapia Recent news from the Labor Department’s weekly report said there were 473,000 initial unemployment claims filed in the week ended August 21st which was down 31,000 from an upwardly revised 504,000 the previous week. Economists surveyed by Briefing.com were expecting new claims to fall to...

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St Louis Home Mortgage Sales Drop Says St Louis Home Loan Analysts

http://www.stlouisrefinancinggroup.com/st-louis-mortgage-news/st-louis-home-m... St Louis Finance News: New Home Sales Seem To Be Dropping Residential and Commercial Lending: 314-334-0210 | Floyd Tapia Bad news from the Commerce Department which reported that new home sales dropped 12.4 percent to a seasonally adjusted annual rate of 276,000 last month, down from a downwardly revised 315,000 in June. Sales year-over-year fell 32.4 percent. Sales were forecast to tick higher to an annual rate of...

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St Louis Commercial Real Estate Is Not Growing As Expected Says St Louis Mortgage Professionals

http://www.stlouisrefinancinggroup.com/st-louis-mortgage-news/st-louis-commer... St Louis Commercial Financing News: Commercial Real Estate Remains Soft Residential and Commercial Lending: 314-334-0210 | Floyd Tapia According to the National Association of Realtors (NAR), commercial real estate sectors, hurt by weak job growth, are offering incentives in many areas that are conducive to business expansion. Lawrence Yun, NAR chief economist, said fallout from the recession continues to impact...