Loan Reduction and St Louis Loans: Foreclosures Down Due to Robo-Signing

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St Louis Finance and Loan Audit News: Ironically, Robo-Signing Seems To Be Driving Foreclosures Down A Bit
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The number of consumers who have actually lost their homes to bank repossessions dropped even more steeply to 67,428.

That was off a whopping 28 percent from 93,236 in October 2010.

Repossessions are down approximately a third since September 2010.

The drop in total filings, which include notices of default, scheduled auctions and repossessions, followed a 4 percent decline a month earlier.

RealtyTrac CEO James Saccacio attributed the downtrend to fallout from the recent robo-signing controversy.

The robo-signing moratoriums were

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

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St Louis Finance and Loan Reduction News: Huge Majority of Americans Still Want To Own Homes
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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

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

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St Louis Finance and Loan Reduction News: Home Values Fall $9 Trillion Since 2006
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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

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

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St Louis Loan Reduction and Finance Lending News: NAR Reports Commercial Mortgage Real Estate Flattening
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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

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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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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 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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