St Louis Mortgage Lending and Mortgage Refinancing: Economy Is Hurting By Tighter Credit Requirements

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St Louis Refinance and Loan Reduction News: Tightening Credit May Stall Housing In 2011
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Both mortgage professionals and leading economists are worried that the housing sector may be heading into another downdraft as mortgage lenders continue to tighten already restrictive lending standards.

Such a scenario seemed less likely earlier in 2010, when home-buyer tax credits helped

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St Louis Loan Modification and Mortgage Lending: Underwater Mortgages Are Technicially Down So To Say

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St Louis Finance Lending and Loan Reduction News: More Foreclosures Means Fewer Underwater Mortgages, Right?
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There were fewer homeowners underwater on their mortgage at the end of the third quarter than the second quarter in 2010.

But the reason is probably not what you are thinking. It's because more properties that had severe

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Loan Reduction and St Louis Mortgage Refinancing: 1.5 Million Loan Modifications

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Principal Reduction and Loan Audit News: Private Mortgage Modifications Sitting At 1.53 million
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Hope Now, a private sector mortgage alliance, said the mortgage industry has completed more than 1.53 million permanent loan modifications for homeowners from January through October, as St. Louis foreclosure suspensions affected foreclosure sales and starts.

For October, mortgage servicers

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St Louis Mortgage Broker and Refinancing: Freddie Mac In Serious Trouble

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St Louis Loan Reduction and Mortgage Lending News: Freddie Mac's Delinquencies Climb
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Freddie Mac's 90-plus day delinquency rate increased for the first time since February, according to the government sponsored enterprise's monthly summary.

The delinquency rate for single-family residences was 3.82 percent in October, up from 3.8 percent in September according to St Louis mortgage refinancing experts.

The delinquency rate for multifamily properties also increased, up to 0.44 percent in October from 0.35 percent.

However, this is the second consecutive monthly increase in delinquencies on this type of property.

One year ago, the delinquency rate for single-family residences backed by Freddie Mac was 3.65 percent and 0.18 percent for multifamily properties.

That constitutes a 4.6 percent yearly increase in single-family delinquencies from 2009 and a 144.4 percent yearly increase in multifamily delinquencies.

The 2007 vintage accounts for the most delinquencies, as 0.64 percent of these loans are between 60 and 90 days delinquent and 0.95 percent are more than 90-days delinquent.

A total of 12,763 loans originated in 2007 are delinquent on Freddie Mac's books.

Freddie Mac's weekly mortgage rate survey indicated the rate for a 30-year fixed-mortgage rate increased for the first time in two months, up to 4.39 percent.

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Articles and News Sponsored by Liberty Lending Consultants

When applying for any type of St Louis mortgage or refinancing, call Liberty Lending Consultants, the recognized St Louis home loan and refinancing experts, at (314) 336-9111 and ask for Steve Swan or Doug Stahlschmidt.

Business Owners: Call us at (314) 334-0210 and retain us for one of the best commercial loan modification and principal loan reduction programs available. A principal reduction or loan modification can help if you are underwater with negative equity. As commercial lending and loan modification program consultants, Floyd Tapia and his lending and legal team can focus on bringing you innovative private lending solutions to meet all types of financing needs. We have access to the largest portfolio of private lending institutions and investor backed funding sources available. Let us turn your challenges into closings (or from being underwater equity wise) and help you get a St Louis commercial lending, mortgage or financing loan.

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St Louis Mortgage Refinancing Loan: Refinance Business Slows

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St Louis Mortgage and Real Estate News –

St Louis Finance Lending and Loan Reduction News: MBA Survey Says Refinance Activity Slows
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The Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey primarily for the refinance industry for the

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St Louis Commercial Financing: Commercial Delinquencies Mixed

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St. Louis Commercial Mortgage and Loan Reduction News: MBA Reports Commercial and Multifamily Delinquencies Mixed
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Delinquency rates for different commercial/multifamily mortgage investor groups were mixed in the third quarter, according to the Mortgage Bankers Association's (MBA) Commercial/Multifamily Delinquency Report.

The commercial delinquency rate for loans held in CMBS is the highest since the series began in 1997.

Delinquency rates for other groups

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St Louis Mortgage and Home Mortgage Lending: Weak Recovery For Years

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St Louis Loan Reduction and Finance News: Federal Reserve Predicts Weak Recovery For Years
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According to minutes from the Federal Reserve's November 2010 meeting, more than half of the central bank's policymakers thought it would take about five or six years for unemployment, growth and inflation to return to more normal levels.

Other Fed members warned the full economic recovery could take even longer than that. The much weaker forecast is the major reason that policymakers

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St Louis Home Mortgage Lending: Foreclosure Epidemic Scares Home Buyers

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St Louis Mortgage and Real Estate News –

St Louis Loan Audit and Finance News: Foreclosure Fiasco Scares Off Potential Home Buyers
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The ongoing controversy surrounding foreclosures is taking its toll as home buyers refused to look at distressed properties in October, and foreclosure sales suffered from delays, according to the latest Campbell/Inside Mortgage Finance Monthly Survey.

Both the share of home purchases involving distressed properties and average prices for foreclosed

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St Louis Home Loan Mortgage and Principal Reduction Program: Is HAMP Dead

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St Louis Refinancing and Loan Reduction News: HAMP May Finally Be Finished According To Housing Regulators
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“It’s safe to say that HAMP isn’t meeting its goal of preventing foreclosures,” Representative Maxine Waters said at a House Financial Services subcommittee hearing after the Treasury provided a preview of a report by the U.S. Treasury Department.

According to the report, homeowners are dropping out of the Obama administration’s foreclosure

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Principal Reduction Program and St Louis Loan: Foreclosure Mess May Get Worse

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St Louis Finance and FREE Loan Audit News: Foreclosure Mess Prompts Call For Stress Tests
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The Congressional Oversight Panel, created by Congress in 2008 to review the Treasury Department's response to the financial crisis, issued a 125-page report detailing recent allegations that banks and loan servicers filed thousands of inaccurate documents in foreclosure cases across the country.

While the report acknowledged that the scope and the consequences of controversy remain unknown, the panel warned that the financial system could be

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