stlouismortgage's posterous http://stlouismortgage.posterous.com Most recent posts at stlouismortgage's posterous posterous.com Thu, 30 Jun 2011 05:40:39 -0700 St Louis Mortgage Refinancing and Home Loan Mortgage: Shadow Inventory Pushes Foreclosures http://stlouismortgage.posterous.com/st-louis-mortgage-refinancing-and-home-loan-m-70599 http://stlouismortgage.posterous.com/st-louis-mortgage-refinancing-and-home-loan-m-70599

St Louis Mortgage and Real Estate News –

St Louis Finance and Mortgage Broker News: Shadow Inventory Will Push Foreclosures
St Louis Home Mortgage and Commercial Loans | Principal Reduction Program
877-334-0210 or 314-334-0210 | Floyd Tapia, Commercial Lending and Loan Compliance Advocate

 Two reports from separate credit rating agencies are drawing the same conclusion and that is foreclosures will reach new heights in 2011, even after setting records in 2010 according to St Louis finance experts.

"DBRS expects foreclosure filings and completed foreclosures to reach record levels in 2011 as alternatives such as modifications for seriously delinquent borrowers

are exhausted," said Kathleen Tillwitz, an operational risk strategist at the rating agency.

She goes on to say: "Consequently, losses to residential mortgage-backed securities will likely increase as REO inventories are sold at deep discounts causing writedowns in transactions particularly in the areas of the subordinate tranches."

Standard & Poor's ratings currently estimates that the principal balance of distressed homes amounts to about $450 billion, representing nearly one-third of the nonagency RMBS market currently outstanding, according to the firm's fourth quarter 2010 report on foreclosure timelines.

S&P expects that it will take 49 months to clear the supply of distressed homes on the market in the U.S. which is an 11 percent increase over the previous quarter and a considerable 40 percent increase from the 4th quarter in 2009.

S&P reports that the volume of distressed residential mortgage properties that are not associated with Fannie Mae or Freddie Mac continues to fall, but at an ever-slowing pace.

The company estimates that the principal balance of these distressed homes amounts to about $450 billion, representing nearly one-third of the private RMBS market outstanding. And in some markets, clearing the shadow inventory will take a very long time.

"The shadow inventory in the New York MSA will take the longest to clear estimating 130 months as of the fourth-quarter in 2010. That is at least twice as long as it will take in any of the other top 20 MSAs and 2.7 times the average time to clear for the U.S. as a whole," the S&P report states.

The report concludes: "This is primarily due to very low liquidation rates in New York."

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Articles and News Sponsored by Liberty Lending Consultants

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. Sponsored by: St Louis Mortgage, Lending and Refinancing 877-334-0210 Member of the Better Business Bureau Check back daily for more financial news.

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ARE YOU UPSIDE DOWN ON YOUR HOME?
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You can save your home or business and put a foreclosure stop on the process. A principal reduction or loan modification can also help if you are underwater with negative equity.

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Before you hire an expensive attorney, do your due diligence first and educate yourself so that you make the right decision for you and your family.

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Wed, 15 Jun 2011 22:53:00 -0700 Local Consumers Say St Louis Paper Coupons May Be Dead Like The Yellow Pages http://stlouismortgage.posterous.com/local-consumers-say-st-louis-paper-coupons-ma http://stlouismortgage.posterous.com/local-consumers-say-st-louis-paper-coupons-ma

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

ST LOUIS COUPON and MOBILE NEWS: Are Paper Coupons Going The Way Of 8-Track Tapes

STLTEXT.org Mobile Ads | 314-698-4092
(TEXT) stltext   info (TO)  368674

Retail stores, restaurants, auto repair, grocery chains, food and drug manufacturers, hair salons, dentists, veterinarians, real estate agents and even coupon marketers themselves are now going electronic on the Internet.

You no longer need a pair of scissors, a magnifying glass and a Sunday paper for locating St Louis deals and discounts.

Simply visit a Web site, type in codes, and you will find all the coupons waiting for you, electronically, in your e-mail box or even at a store's cash register.

The latest and most innovative way of getting St Louis coupons is via text messaging to your cell phone or by entering your favorite store's texting code. American Idol made this new form of advertising and communication a household event.

These companies are hoping that these electronic coupons, deals and discounts will revive the already dying paper coupon business as it has the famous Yellow Pages books.

A shocking 0.5 or half of one percent of the total 285 billion coupons issued in 2009 were ever redeemed. These statistics were provided by the coupon processor NCH themselves showing this is down from an average of 1 percent just a decade ago.

The overwhelming problem is that newspaper readership is declining. Thus, fewer people are looking at Sunday newspapers and circulars.

And the younger shoppers or Generation X as they have been dubbed prefer to read their news online with over 50,000,000 doing so with their brand new smartphones.

The hectic pace nowadays mean fewer people take the time to clip, organize and sort coupons each week.

Think about how much time you spend on your cell phone or computer compared to reading a newspaper.

Billions of people keep their mobile phones close to them most if not all of the time for talking or texting. This is why the advertising industry has gone not only to the Internet but has recently gone mobile as St Louis Mobile Coupons website has done.

Their are many good reasons for companies making the move to the e-coupon form of advertising including:

  • Redemption rates are much higher and can be as high as 12 percent although the technology is so new that the marketing industry refuses to be more specific.
  • Redemptions are easier and quicker to track. Plus, if they appear on your cell phone, you are less likely to lose that coupon. And you can send or forward the mobile coupon as a text message to family and friends. Talk about referral marketing at its best.
  • They can now get more information about who's buying their products.
  • They can use these newer forms of advertising to cultivate loyal customers by giving additional savings and discounts to shrewd consumers who sign up for a subscription via their mobile phone. And why not... over 81 percent of cell phone users have unlimited texting capabilities thus making it free for everyone.
  • And finally, they are more environmentally friendly. Going green can be fun and at the same time save you tremendous amounts of money at your local retailer!

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Local St Louis Avon Rep:

Kristin Tapia St Louis Avon Rep and Products Specialist

Phone: 314.627.0302

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Kristin Tapia, St Louis Avon Rep

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