St Louis Mortgage Broker: Economy Makes Small Improvements

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St Louis Mortgage and Real Estate News –

St Louis Finance and Loan Audit News: The Economy Is Slowly "Muddling Along"
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The Commerce Department said today that the economy expanded at a 2 percent annual rate in the July-September quarter.

It marked an improvement from the feeble 1.7 percent growth in the April-June quarter according to St Louis mortgage brokers. Consumers helped boost last quarter's economic growth with 2.6 percent growth in spending.

That was better than the second

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Home Mortgage St Louis: Jobless Claims Down

http://www.stlouisrefinancinggroup.com/st-louis-mortgage-news/home-mortgage-s... St Louis Mortgage and Real Estate News – St Louis Finance and Loan Audit News: Jobless Claims Slightly Down But Not As Low As Expected | St Louis Home Mortgage and Commercial Loans | Principal Reduction Program | 877-334-0210 or 314-334-0210 | Floyd Tapia The number of jobless claims may be down but unemployment rates are still close to an average 10 percent across the nation. There were 434,000 initial jobless claims filed in the week ended October 23, down 21,000 from a revised...

St Louis Loan Modification Programs: Mortgage Modifications Slow

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St Louis Loan Audit News: Loan Modification Programs Running Slow With Less Than Stellar Results
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877-334-0210 or 314-334-0210 | Floyd Tapia, Commercial Lending

There were 28,000 permanent mortgage loan modifications reported in September 2010 under the Home Affordable Modification Program, better known as HAMP. That's down from more than 33,000 in August.

A total of 495,898 borrowers have received permanent loan modifications since HAMP was

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St Louis Finance And Foreclosures: Foreclosure Pipeline Shrinking

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St Louis Finance and Loan Audit News: Freddie Mac and Fannie Mae Are Saying Foreclosure Pipeline Slowing
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877-334-0210 or 314-334-0210 | Floyd Tapia, Commercial Lending and Loan Compliance Advocate

Freddie Mac, one of the two government-owned entities that finance about half of all U.S. mortgages, says that homes are taking as long as eight months to work their way through its foreclosure pipeline which is two months longer than was typical before this mortgage crisis began according to Liberty Lending Consultants, a St Louis mortgage company.

What is interesting is that the delay is the result of more borrowers staying in their homes for months after foreclosure proceedings have begun, requiring Freddie Mac to

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St Louis Mortgage Home Loan: California Home Sales Down

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St Louis Loan Audit News: Home Sales Down 17 Percent
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and Commercial Lending | Principal Reduction

877-334-0210 or 314-334-0210 | Floyd Tapia, St Louis Refinancing Group News Team

California new and existing home sales totaled 33,176 in September, down 17.5 percent from a year ago and 3.1 percent from the previous month, according to the

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St Louis Commercial Loans: Obamacare Kills Small Businesses

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St Louis Mortgage and Real Estate News –

St Louis Loan Audit News: Obamacare Kills More Businesses
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| Principal Loan Reduction
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Industry experts say more insurers will drop health care coverage or go out of business if they were forced to meet a January 1st deadline that requires them to boost the money devoted to providing care.

The Obama administration was awaiting the recommendation of the National Association of Insurance Commissioners, meeting in Orlando for how and when to implement

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St Louis Lending: Billions Lost By Fannie Mae and Freddie Mac

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St Louis Mortgage and Real Estate News –

St Louis Loan Audit News: Taxpayers Brace For Fannie Mae and Freddie Mac Losses
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877-334-0210 or 314-334-0210 | Floyd Tapia

Consumers are now worried that bailing out Fannie Mae and Freddie Mac will cost them about $154 billion under the most likely scenario for home prices, the mortgage giants' regulator recently announced.

But the bill could end up much greater nearly twice the $135 billion already spent if grimmer projections prove true and the economy slides back into a double-dip

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St Louis Foreclosures: Bank Of America Resumes Foreclosures

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St Louis Loan Audit News: Bank of America Resumes Foreclosures In 23 States
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877-334-0210 or 314-334-0210 | Floyd Tapia, Commercial Lending

Bank of America reviewed 102,000 foreclosures in the 23 states where a court must sign off on the proceedings, and it has restarted the process on those cases, the company recently said.

The company said the first of the new affidavits had to be submitted by October 25, and that it

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St Louis Finance: More Action By The Federal Reserve

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St Louis Mortgage and Real Estate News –

St Louis Mortgage and Loan Audit News: Federal Reserve Takes Action
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877-334-0210 or 314-334-0210 | Floyd Tapia, Commercial Lending

In a speech in recently given in Boston, Federal Reserve Chairman Ben Bernanke said persistently high unemployment poses too great a threat to the economy, and that the central bank needs to weigh the risk of

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Mortgage Lenders St Louis: Housing Starts Up

http://www.stlouisrefinancinggroup.com/st-louis-mortgage-news/mortgage-lender... St Louis Mortgage and Real Estate News – St Louis Finance: Commerce Department Says Housing Starts Up .3 Percent | St Louis Home Mortgage and Commercial Loans | Principal Loan Reduction | 877-334-0210 or 314-334-0210 | Floyd Tapia, Commercial Lending Housing starts rose 0.3 percent to a seasonally adjusted annual rate of 610,000 in September 2010, up from a revised 608,000 in August, the Commerce Department said. Economists were expecting a rate of 579,000 housing starts, according to a consensus estimate from...