St Louis Mortgage Lending: Construction Starts To Rise

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St Louis Finance and Loan Audit News: Construction To Rise 8 Percent In 2011
St Louis Home Mortgage and Commercial Loans | Principal Reduction Program 
877-334-0210 or 314-334-0210 | Floyd Tapia, Commercial Lending and Financing
 

According to McGraw-Hill Construction, new construction starts in 2011 are expected to advance 8 percent to $445.5 billion, with single-family and multifamily starts leading the way. The prediction follows a 2 percent decline predicted for 2010.

Single-family housing in 2011 will climb 27 percent in dollars and 25 percent in number of units to

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St Louis Commercial Mortgage: Commercial Foreclosures Up 39 Percent

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St Louis Mortgage and Real Estate News –

St Louis Loan Audit and Principal Reduction News: Commercial Foreclosures Up 39 Percent In Dallas-Fort Worth Areas
St Louis Home Mortgage and Commercial Loans | Principal Loan Reduction Program 
877-334-0210 or 314-334-0210 | Floyd Tapia, Commercial Lending and Financing
 

Foreclosure postings filed on commercial real estate in the Dallas-Fort Worth (D-FW) metro area are at their highest point in 19 years, according to Foreclosure Listing Service, with postings up 39 percent compared to the first 11 months of 2009.

From January through Tuesday’s November foreclosure auctions, 3,029 postings have been filed on commercial properties in D-FW compared to just 2,173 for the year-ago period according to St Louis commercial mortgage experts.

The postings include all types of commercial real estate, including retail centers, office buildings,

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St Louis Finance Lending: Income Down Savings Down

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St Louis Finance and Lending News: Personal Incomes and Savings Rate Down
St Louis Home Mortgage and Commercial Loans | Principal Reduction Program
877-334-0210 or 314-334-0210 | Floyd Tapia, Commercial Lending and Loan Reduction

According to the Commerce Department, personal income fell 0.1 percent. The drop in personal income was a sharp reversal from a revised 0.4 percent increase registered in August.

Further reports by the Commerce Department showed that spending by individuals increased by 0.2 percent.

Economists expected that spending by individuals would rise 0.4 percent in September, according to

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

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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 Commercial Mortgage: Retail Sales Up

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St Louis Mortgage and Real Estate News –

St Louis Commercial Financing News: Retail Sales Up For Now
St Louis Home Mortgage and Commercial Loans | Principal Loan Reduction
877-334-0210 or 314-334-0210 | Floyd Tapia, Commercial Lending

The Commerce Department said total retail sales rose 0.6 percent from the previous month to $367.7 billion, compared with August's upwardly revised 0.7 percent jump.

Economists surveyed by Briefing.com had anticipated that September sales would

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Principal Reduction St Louis: Foreclosures Taken Seriously

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St Louis Mortgage and Real Estate News –

St Louis Loan Audit News: Bernanke Says He Is Now Taking Foreclosure Problems More Seriously
St Louis Home Mortgage and Commercial Loans | Principal Reduction Program
877-334-0210 or 314-334-0210 | Floyd Tapia, Commercial Lending and Mortgage

I imagine that the country in general is happy to hear this especially those who are actively seeking a principal loan reduction through a FREE loan audit in order to keep their homes according to St Louis mortgage brokers.

Federal Reserve Chairman Ben Bernanke said recently that a federal agency review of foreclosure procedures at the nation's largest mortgage servicers should be

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