St Louis Home Loans and Mortgage Lending: Home Values Still Down

STLTEXT, St Louis Mobile Coupons, Cell Phone Advertising and iPhone APP For Local Shopping

St Louis Mortgage and Real Estate News –

St Louis Finance and Loan Reduction News: Home Values Fall $9 Trillion Since 2006
St Louis Home Mortgage and Commercial Loans | Principal Reduction Program
877-334-0210 or 314-334-0210 | Floyd Tapia, St Louis Loan Modification
 

The U.S. housing market has taken a hard hit value wise. American homes were worth about $1.7 trillion less in 2010 than they were worth in 2009, according to a report released by real estate website Zillow.

Last year's drop in home values is 63 percent larger than the $1 trillion dip in 2009, and brings the total

Read the rest of this post »

St Louis Commercial Financing and Small Business Loans: Commercial Mortgage Real Estate Down

Commercial Lending and Commercial Lenders 877-334-0210

St Louis Mortgage and Real Estate News –

St Louis Loan Reduction and Finance Lending News: NAR Reports Commercial Mortgage Real Estate Flattening
St Louis Home Mortgage and Commercial Loans | Principal Reduction Program
877-334-0210 or 314-334-0210 | Floyd Tapia, St Louis Loan Modification

The Society of Industrial and Office Realtors, in its (SIOR) Commercial Real Estate Index, an attitudinal survey of more than 400 local market experts, shows vacancy rates are slowly improving, but rents continue to be soft with elevated levels of subleasing space on the market.

The SIOR index, measuring the impact

Read the rest of this post »

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

STLTEXT, St Louis Mobile Coupons, Cell Phone Advertising and iPhone APP For Local Shopping

St Louis Mortgage and Real Estate News –

St Louis Refinance and Loan Reduction News: Tightening Credit May Stall Housing In 2011
St Louis Home Mortgage and Commercial Loans | Principal Reduction Program
877-334-0210 or 314-334-0210 | Floyd Tapia, Commercial Loan Modification
 

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

Read the rest of this post »

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

Commercial Lending and Commercial Lenders 877-334-0210

St Louis Mortgage and Real Estate News –

St Louis Finance Lending and Loan Reduction News: More Foreclosures Means Fewer Underwater Mortgages, Right?
St Louis Home Mortgage and Commercial Loans | Principal Loan Reduction Program
877-334-0210 or 314-334-0210 | Floyd Tapia, Mortgage Lending and Loan Modification
 

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

Read the rest of this post »

St Louis Mortgage Refinancing Loan: Refinance Business Slows

Commercial Lending and Commercial Lenders 877-334-0210

St Louis Mortgage and Real Estate News –

St Louis Finance Lending and Loan Reduction News: MBA Survey Says Refinance Activity Slows
St Louis Home Mortgage and Commercial Loans | Principal Loan Reduction Program
877-334-0210 or 314-334-0210 | Floyd Tapia, Commercial Mortgage Loan Modification
 

The Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey primarily for the refinance industry for the

Read the rest of this post »

St Louis Commercial Financing: Commercial Delinquencies Mixed

STLTEXT, St Louis Mobile Coupons, Cell Phone Advertising and iPhone APP For Local Shopping

St Louis Mortgage and Real Estate News –

St. Louis Commercial Mortgage and Loan Reduction News: MBA Reports Commercial and Multifamily Delinquencies Mixed
St Louis Home Mortgage and Commercial Loans | Principal Reduction Program
877-334-0210 or 314-334-0210 | Floyd Tapia, Loan Modification
 

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

Read the rest of this post »

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

STLTEXT, St Louis Mobile Coupons, Cell Phone Advertising and iPhone APP For Local Shopping

St Louis Mortgage and Real Estate News –

St Louis Loan Reduction and Finance News: Federal Reserve Predicts Weak Recovery For Years
St Louis Home Mortgage and Commercial Loans | Principal Reduction Program
877-334-0210 or 314-334-0210 | Floyd Tapia, St Louis Loan Modification
 

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

Read the rest of this post »

St Louis Home Mortgage Lending: Foreclosure Epidemic Scares Home Buyers

Commercial Lending and Commercial Lenders 877-334-0210

St Louis Mortgage and Real Estate News –

St Louis Loan Audit and Finance News: Foreclosure Fiasco Scares Off Potential Home Buyers
St Louis Home Mortgage and Commercial Loans | Principal Reduction Program
877-334-0210 or 314-334-0210 | Floyd Tapia, Commercial Mortgage and Lending
 

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

Read the rest of this post »

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

Commercial Lending and Commercial Lenders 877-334-0210

St Louis Mortgage and Real Estate News –

St Louis Finance and FREE Loan Audit News: Foreclosure Mess Prompts Call For Stress Tests
St Louis Home Mortgage | Commercial Loans | Principal Reduction Program
877-334-0210 or 314-334-0210 | Floyd Tapia, Commercial Mortgage

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

Read the rest of this post »

St Louis Home Loan Mortgage: 2011 Is Still Looking Dismal

STLTEXT, St Louis Mobile Coupons, Cell Phone Advertising and iPhone APP For Local Shopping

 

St Louis Mortgage and Real Estate News –

St Louis Finance Lending and Loan Reduction News: Orszag Says 2011 May Be Looking Worse Than Originally Expected
St Louis Home Mortgage and Commercial Loans | Principal Reduction Program
877-334-0210 or 314-334-0210 | Floyd Tapia, Commercial Mortgage Loan Modification

Several months ago, Peter Orszag, Obama's former director of the Office of Management and Budget, offered his views to the media in a conference call entitled: "Out with the Rhetoric and In With the Facts on the Budget."

The tectonic shifts in the financial sector, housing market, and subsequent (and ongoing) consumer de-leveraging pose drastically difficult obstacles for the Federal Reserve.

Orszag noted that, unlike slowdowns that are associated with monetary policy being tweaked in

Read the rest of this post »