Principal Loan Reduction and St Louis Mortgage Lending: Consumers Still Wanting To Buy Homes

Commercial Lending and Commercial Lenders 877-334-0210

St Louis Mortgage and Real Estate News –

St Louis Finance and Loan Reduction News: Huge Majority of Americans Still Want To Own Homes
St Louis Home Mortgage and Commercial Loans | Principal Reduction
877-334-0210 or 314-334-0210 | Floyd Tapia, Commercial Mortgage

As surprising as it seems, a study of the housing market performed by Fannie Mae basically said that the housing crisis has in no way killed the homeownership thirst.

In fact, more than 51 percent of people recently polled said the bust did not change their

Read the rest of this post »

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 »

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

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

St Louis Mortgage and Real Estate News –

Principal Reduction and Loan Audit News: Private Mortgage Modifications Sitting At 1.53 million
St Louis Home Mortgage and Commercial Loans | Principal Reduction Program
877-334-0210 or 314-334-0210 | Floyd Tapia, Commercial Financing Loan
 

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

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 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 »

St Louis Loan and Refinancing: Home Improvement Returns Low

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 Mortgage Broker News: Home Improvements and Remodeling No Longer Pays
St Louis Home Mortgage and Commercial Loans | Principal Loan Reduction
877-334-0210 or 314-334-0210 | Floyd Tapia, Commercial Mortgage
 

 According to Remodeling magazine's 2010 Remodeling Cost versus Value survey, done in partnership with the National Association of Realtors (NAR), renovations returned a lower percentage of its costs in added home value this year than it did in 2009.

In general, anyone planning home improvements will pay a lot more for the job than they will get

Read the rest of this post »

St Louis Mortgage and Commercial Loan Modification: Lawsuits Increase

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 Audit News: Lawsuits Against Banks Increasing At Alarming Rates
St Louis Home Mortgage and Commercial Loans | Principal Reduction Program
877-334-0210 or 314-334-0210 | Floyd Tapia, Commercial Mortgage

 At the close of the year, December 2010 brought no good news to some of the largest banks nationwide.

JPMorgan Chase, PNC Financial, and Ally Financial disclosed suits in a growing number of banks under investigation by state and federal officials for sloppy or even fraudulent foreclosure paperwork not to mention mortgage origination snafus.

All mentioned banks face lawsuits

Read the rest of this post »

St Louis Commercial Loan Modification: Loan Modifications Caused Foreclosures

Commercial Lending and Commercial Lenders 877-334-0210

St Louis Mortgage and Real Estate News –

St Louis Loan Reduction and Finance News: Loan Mods Led To Foreclosure Mess Say Mounting Lawsuits
St Louis Home Mortgage and Commercial Financing | St Louis Loan Modification
(877) 334-0210 or (314) 334-0210 | Floyd Tapia, Commercial Mortgage

 Recently, Federal Treasury statistics showed that only about one-third of the nearly 1.4 million homeowners accepted into the government's payment or reduction program over the past year have had their loan modification or loan reductions made permanent.

Several federal lawsuits filed in Boston accuse major lenders of breach of contract under the

Read the rest of this post »