stlouismortgage's posterous http://stlouismortgage.posterous.com Most recent posts at stlouismortgage's posterous posterous.com Sat, 13 Aug 2011 21:53:35 -0700 St Louis Home Mortgage Lending and Refinancing Loans: Delinquencies Drop http://stlouismortgage.posterous.com/65502002 http://stlouismortgage.posterous.com/65502002

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St Louis Mortgage and Real Estate News –

St Louis Home Loan and Mortgage Refinancing News: National Delinquency Rate Drops
 St Louis Home Mortgage and Commercial Loans | Principal Reduction Program
877-334-0210 or 314-334-0210 | Floyd Tapia, Commercial Lending and Loan Reduction

The national delinquency rate continued to fall down to 7.9 percent in March 2011, according to the "First Look" report from Lender Processing Services.

This financial report provides

month-end mortgage performance statistics from LPS' loan-level database of nearly 40 million mortgages.

The Jacksonville, Florida based firm will release more detailed reporting in its upcoming "Mortgage Monitor" report.

The mortgage delinquency rate has consistently decreased throughout all of 2011.

March's figure is down 11.6 percent compared to February and down 19.4 percent compared to March 2010.

This still accounts for an estimated 4.1 million homes that are 30-plus days delinquent, LPS reported.

Approximately 2 million of those are seriously delinquent which means 90-plus days delinquent but not yet in foreclosure.

There are also an estimated 2.2 million homes that make up the foreclosure pre-sale inventory, LPS said.

Florida posted the highest percentage of delinquent mortgages statewide in January 2011, followed by Nevada, Mississippi, New Jersey and Georgia.

The states with the least percentage were, in descending order, Montana, Wyoming, Alaska, South Dakota and North Dakota.

=============================================

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.

We Are Now On Google Maps! St Louis Mortgage: Scan the below code with your smartphone for more details on the best home mortgage, commercial lending and financing and the best principal reduction program available.

 

=============================================

ARE YOU UPSIDE DOWN ON YOUR HOME?
ARE YOU FACING FORECLOSURE?

What if you could substantially reduce your existing mortgage debt balance in as little as 90 days with one simple application or even get a reduced mortgage principal settlement due to common errors found in 85% of mortgages?

Principal Reduction Program: Watch These Shocking Mortgage Fraud Videos...

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.

Take action now in order to save your home. Waiting will not help. It will only make your situation worse. This book shown below will take you step-by-step on how to properly fix your mortgage.

Visit our principal reduction and loan reduction website for your FREE loan audit and loan review today! 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. ============================================

St Louis Beauty Supply and Avon - Kristin Tapia

QR Code for stlouisbeauty at Kimtag

St Louis Mortgage and Loans - Liberty Lending Consultants

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St Louis Mobile Coupons

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To "read" the boxy black-and-white bar code above, you'll need a smartphone. If you need a reader APP, you can => Download a QR code APP reader here for your smartphone.

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Tue, 02 Aug 2011 10:29:41 -0700 St Louis Home Loan and Mortgage: Foreclosures May Be Slowing http://stlouismortgage.posterous.com/st-louis-home-loan-and-mortgage-foreclosures http://stlouismortgage.posterous.com/st-louis-home-loan-and-mortgage-foreclosures

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St Louis Mortgage and Real Estate News –

St Louis Mortgage Lending and Home Loan News: Foreclosures Slow, But...
St Louis Mortgage and Commercial Loans | Principal Reduction Program
877-334-0210 or 314-334-0210 | Floyd Tapia, Commercial Lending and Loan Reduction

According to a report released by the Office of the Comptroller of the Currency (OCC) and the Office of Thrift Supervision (OTC), foreclosures slowed in the fourth quarter 2010.

However, as far as long-term outlooks, it has only been a brief reprieve since banks will move more aggressively back into the foreclosure process following a

review of their mortgage servicing practices according to St Louis home loan mortgage brokers.

It is interesting to note that the O.C.C. regulates national banks and the O.T.S. regulates the national thrift industry.

In the fourth quarter, completed foreclosures dropped by almost 50 percent to 95,067, while newly initiated foreclosures fell by almost 8 percent to 352,318.

Foreclosures in the pipeline actually increased as expected because the number of newly initiated foreclosures was larger than those completed in the fourth quarter.

The inventory of foreclosures being processed jumped more than 7 percent to 1.3 million in the fourth quarter of 2010.

And as projected new and completed foreclosures have increased in 2011 once the foreclosure pause ended.

What to do with borrowers who can no longer afford their homes is a raging political and policy debate.

The state attorneys general are facing off with banks over changes to their mortgage servicing processes and whether principal write-downs or reductions should become a major part of efforts to keep borrowers in their homes especially since private principal loan reduction programs backed by attorney networks have been pushing this effort.

The two groups met on March 30th to kick off negotiations that could be lengthy and contentious. The St. Louis Refinancing Group news team will follow this hot debate.

=============================================

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.

We Are Now On Google Maps!

St Louis Mortgage: Scan the below code with your smartphone for more details on the best home mortgage, commercial lending and financing and the best principal reduction program available.

 

=============================================

ARE YOU UPSIDE DOWN ON YOUR HOME?
ARE YOU FACING FORECLOSURE?

What if you could substantially reduce your existing mortgage debt balance in as little as 90 days with one simple application or even get a reduced mortgage principal settlement due to common errors found in 85% of mortgages?

Principal Reduction Program: Watch These Shocking Mortgage Fraud Videos...

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.

Take action now in order to save your home. Waiting will not help. It will only make your situation worse. This book shown below will take you step-by-step on how to properly fix your mortgage.

Visit our principal reduction and loan reduction website for your FREE loan audit and loan review today!

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.  

============================================

St Louis Beauty Supply and Avon - Kristin Tapia

 QR Code for stlouisbeauty at Kimtag

St Louis Mortgage and Loans - Liberty Lending Consultants

QR Code for stlouismortgage at Kimtag

St Louis Mobile Coupons

 QR Code for stlmobilecoupons at Kimtag

St Louis Magic and Birthday Parties - Josh Routh

 QR Code for stlouismagic at Kimtag

To "read" the boxy black-and-white bar code above, you'll need a smartphone. If you need a reader APP, you can => Download a QR code APP reader here for your smartphone.

=======================================

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Sat, 30 Jul 2011 12:33:06 -0700 St Louis Mortgage and Home Mortgage Lending: New Homes Not Selling http://stlouismortgage.posterous.com/st-louis-mortgage-and-home-mortgage-lending-n http://stlouismortgage.posterous.com/st-louis-mortgage-and-home-mortgage-lending-n

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St Louis Mortgage and Real Estate News –

St Louis Mortgage Broker and Refinance News: Why New Homes Are Not Selling
St Louis Home Mortgage and Commercial Loans | Principal Loan Reduction
877-334-0210 or 314-334-0210 | Floyd Tapia, Commercial Lending and Loan Reduction

There has been a major change in the real estate market. Once a common home buyer's dream, new homes have lost much of their appeal.

The leading choice has become fixer-uppers and foreclosures which has captured the buyers' attention, creating a window of opportunity for those still looking for new construction according to St Louis loan mortgage experts.

While the real estate market has struggled across the board, new homes have been hit

harder than ever before.

Existing home sales are down about 3 percent in the last year, according to the latest data from the National Association of Realtors.

That doesn't even come close to the drop in new home sales, which have fallen a whopping 28 percent, according to the U.S. Census.

To some extent, existing homes have always recovered before new construction, but analysts say this situation is so extreme that it could delay a meaningful recovery for the new-home market by two more years.

'It's not looking promising for new housing,' says John Vogel, adjunct professor of real estate at Dartmouth's Tuck School of Business.

The main reason for the discrepancy is quite clear according to NAR experts: New homes are currently 29 percent more expensive than existing homes, about double the typical margin.

At the same time, there are some surprising discounts in the existing home market especially when it comes to foreclosures and short sales.

They have accounted for nearly 40 percent of all sales in February 2011 where in 2010, they accounted for 25 percent of all sales, according to RealtyTrac.com.

But a shift in consumer psychology has also hurt new home sales.

Pre-recession buyers expected high-end appliances and fancy counter-tops, and builders delivered.

"Now consumers are more enthusiastic about a home that's easier and cheaper to maintain," says Vogel.

For many buyers, that includes smaller rooms which is a rarity in homes built during the real estate boom. They are more affordable to heat or cool.

More buyers are also looking to live in or near a city where relatively fewer new homes exist for reasons to be closer to their job and to spend less on gasoline costs.

And it seems that this trend will not be reversing itself any time soon.

In spite of the lagging sales, new home prices are still expected to rise by nearly 1 percent this year, according to the NAR.

Builders have all but stopped building, says David Crowe, chief economist at the National Association of Home Builders, and supply is dwindling.

Nationally, there are around 186,000 new homes on the market right now, the lowest since 1967.

But the negative impact is that builders who want to build new homes may not be able to get financing.

Only 19 percent of builders are shopping for loans which is down considerably from the 80 percent pre-recession, Crowe says.

But there's are also bright spots for buyers. Builders who are eager to sell are unloading homes for less than the cost of building the house.

"Though limited in number, that's mostly happening in the hardest hit states of Arizona, California, Florida and Nevada," says Crowe, "and often because the builder's loan for that property has come due."

He concludes: "Buyers in these markets could end up with a new home for a price close to that of the fixer-upper down the street."

Contributions by the Wall Street Journal

=============================================

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.

We Are Now On Google Maps!

St Louis Mortgage: Scan the below code with your smartphone for more details on the best home mortgage, commercial lending and financing and the best principal reduction program available.

 

=============================================

ARE YOU UPSIDE DOWN ON YOUR HOME?
ARE YOU FACING FORECLOSURE?

What if you could substantially reduce your existing mortgage debt balance in as little as 90 days with one simple application or even get a reduced mortgage principal settlement due to common errors found in 85% of mortgages?

Principal Reduction Program: Watch These Shocking Mortgage Fraud Videos...

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.

Take action now in order to save your home. Waiting will not help. It will only make your situation worse. This book shown below will take you step-by-step on how to properly fix your mortgage.

Visit our principal reduction and loan reduction website for your FREE loan audit and loan review today!

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.  

============================================

St Louis Beauty Supply and Avon - Kristin Tapia

 QR Code for stlouisbeauty at Kimtag

St Louis Mortgage and Loans - Liberty Lending Consultants

QR Code for stlouismortgage at Kimtag

St Louis Mobile Coupons

 QR Code for stlmobilecoupons at Kimtag

St Louis Magic and Birthday Parties - Josh Routh

 QR Code for stlouismagic at Kimtag

To "read" the boxy black-and-white bar code above, you'll need a smartphone. If you need a reader APP, you can => Download a QR code APP reader here for your smartphone.

=======================================

Mobile Phone Users Click Here For Your Safe and FREE STLTEXT Shopping App  

 

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]]>
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Tue, 26 Jul 2011 05:32:12 -0700 St Louis Mortgage Refinancing and Loans: Bank Of America Accused Of Hiding Foreclosure Details http://stlouismortgage.posterous.com/st-louis-mortgage-refinancing-and-loans-bank http://stlouismortgage.posterous.com/st-louis-mortgage-refinancing-and-loans-bank

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St Louis Mortgage and Real Estate News –

St Louis Mortgage Lending and Home Loan News: Hacker Claims Bank of America Hid Mortgage Errors
St Louis Home Mortgage and Commercial Loans | Principal Loan Reduction
877-334-0210 or 314-334-0210 | Floyd Tapia, Commercial Lending and Loan Reduction

A hacker organization known as Anonymous released on Monday a series of e-mails by a former Bank of America (BOA) employee who claims they show how a division of the bank hid foreclosure information.

The bank unit, Balboa Insurance, which deals in force-placed coverage, was acquired by Bank of America when it bought the mortgage lender Countrywide in

2008, and the e-mail messages involve removing information linking loans to certain documentation.

The e-mails dating from November last year reveal a correspondence among Balboa employees in which they move to hide the record of certain documents "that went out in error." The documents were tied to loans by GMAC, a Bank of America client, according to the e-mails.

"The following GMAC DTN's need to have the images removed from Tracksource/Rembrandt," an operations team manager at Balboa wrote. DTN refers to document-tracking number, and Tracksource/Rembrandt is an insurance-tracking system.

The response he receives: "I have spoken to my developer and she stated that we cannot remove the DTN's from Rembrandt, but she can remove the loan numbers, so the documents will not show as matched to those loans."

Removing the loan numbers from the documents, according to the e-mails, was approved. A member of Anonymous said in an interview that the purpose of his Web site was to bring attention to the wrongdoing of the banks.

"The way the system is, it's made to cheat the average person," he said. A Bank of America spokesman told Reuters that the documents had been stolen by a former Balboa employee, and were not tied to foreclosures.

"We are confident that his extravagant assertions are untrue," he told the news service. But with such a serious accusation, what else could there response actually be.

=============================================

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.

We Are Now On Google Maps!

St Louis Mortgage: Scan the below code with your smartphone for more details on the best home mortgage, commercial lending and financing and the best principal reduction program available.

 

=============================================

ARE YOU UPSIDE DOWN ON YOUR HOME?
ARE YOU FACING FORECLOSURE?

What if you could substantially reduce your existing mortgage debt balance in as little as 90 days with one simple application or even get a reduced mortgage principal settlement due to common errors found in 85% of mortgages?

Principal Reduction Program: Watch These Shocking Mortgage Fraud Videos...

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.

Take action now in order to save your home. Waiting will not help. It will only make your situation worse. This book shown below will take you step-by-step on how to properly fix your mortgage.

Visit our principal reduction and loan reduction website for your FREE loan audit and loan review today!

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.  

============================================

St Louis Beauty Supply and Avon - Kristin Tapia

 QR Code for stlouisbeauty at Kimtag

St Louis Mortgage and Loans - Liberty Lending Consultants

QR Code for stlouismortgage at Kimtag

St Louis Mobile Coupons

 QR Code for stlmobilecoupons at Kimtag

St Louis Magic and Birthday Parties - Josh Routh

 QR Code for stlouismagic at Kimtag

To "read" the boxy black-and-white bar code above, you'll need a smartphone. If you need a reader APP, you can => Download a QR code APP reader here for your smartphone.

=======================================

Mobile Phone Users Click Here For Your Safe and FREE STLTEXT Shopping App  

 

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]]>
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Wed, 20 Jul 2011 04:37:00 -0700 St Louis Loans and Principal Loan Reduction: Housing Programs Hurt Economy http://stlouismortgage.posterous.com/st-louis-loans-and-principal-loan-reduction-h http://stlouismortgage.posterous.com/st-louis-loans-and-principal-loan-reduction-h

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St Louis Mortgage and Real Estate News –

St Louis Mortgage Refinancing and Loan Reduction News: Greenspan Says Stimulus and Housing Programs Hurt Recovery
St Louis Home Mortgage and Commercial Loans | Principal Reduction Program
877-334-0210 or 314-334-0210 | Floyd Tapia, Commercial Lending and Loan Modification Consultant

Former Federal Reserve Chairman Alan Greenspan said in February that massive government intervention to save the economy is to blame for the lagging recovery.

Greenspan argued for less government intervention to get the recovery rolling and businesses

investing in equipment and plants.

"What we need to do now is to calm down; let things move by themselves," he said at a forum at the Council of Foreign Relations.

Greenspan continues: "And indeed the rate of activism has decreased significantly and the ratio of capital flow has inched back up."

Greenspan's views are starting to gain an audience again.

Many Republicans share his opinion that intervention has created uncertainty and deterred private sector investing.

Greenspan targeted deficits created by the $787 billion 2009 Recovery Act as the main culprit behind the current sputtering recovery.

Why are deficits to blame? Because the Treasury Department's borrowing "crowds out" companies from finding similarly low interest rates to borrow funds for capital investments on equipment and plants.

At the same time, he acknowledged that America's biggest and most-trusted companies aren't having trouble finding good interest rates. But smaller companies, he said, are struggling.

"Microsoft is not being crowded out," Greenspan said.

He goes on to say: "It's those who find an 8 or 9 percent interest rate, which are required of junk bonds and small businesses, which is too high."

He said he estimates that government borrowing is effectively reducing long-term capital investment by one fifth.

But Greenspan goes further in his criticism of government intervention, also blaming housing programs for having delayed and prolonged foreclosures.

He said such efforts have created uncertainty about when the housing market will hit rock bottom, at which point speculators can rush in and start buying up houses.

=============================================

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.

We Are Now On Google Maps!

St Louis Mortgage: Scan the below code with your smartphone for more details on the best home mortgage, commercial lending and financing and the best principal reduction program available.

 

=============================================

ARE YOU UPSIDE DOWN ON YOUR HOME?
ARE YOU FACING FORECLOSURE?

What if you could substantially reduce your existing mortgage debt balance in as little as 90 days with one simple application or even get a reduced mortgage principal settlement due to common errors found in 85% of mortgages?

Principal Reduction Program: Watch These Shocking Mortgage Fraud Videos...

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.

Take action now in order to save your home. Waiting will not help. It will only make your situation worse. This book shown below will take you step-by-step on how to properly fix your mortgage.

Visit our principal reduction and loan reduction website for your FREE loan audit and loan review today!

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.  

============================================

St Louis Beauty Supply and Avon - Kristin Tapia

 QR Code for stlouisbeauty at Kimtag

St Louis Mortgage and Loans - Liberty Lending Consultants

QR Code for stlouismortgage at Kimtag

St Louis Mobile Coupons

 QR Code for stlmobilecoupons at Kimtag

St Louis Magic and Birthday Parties - Josh Routh

 QR Code for stlouismagic at Kimtag

To "read" the boxy black-and-white bar code above, you'll need a smartphone. If you need a reader APP, you can => Download a QR code APP reader here for your smartphone.

=======================================

Mobile Phone Users Click Here For Your Safe and FREE STLTEXT Shopping App  

 

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]]>
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Mon, 18 Jul 2011 21:10:00 -0700 St Louis Mortgage Lending and Refinancing Loan: Foreclosures And Short Sales Push Market http://stlouismortgage.posterous.com/st-louis-mortgage-lending-and-refinancing-loa-45880 http://stlouismortgage.posterous.com/st-louis-mortgage-lending-and-refinancing-loa-45880

St Louis Coupons, Mobile Marketing and Mobile APP For Local Shopping - The Customer Advantage

St Louis Mortgage and Real Estate News –

St Louis Mortgage Lending and Loan Reduction News: 26 Percent Of Home Sales Are Foreclosures And Short Sales
St Louis Home Mortgage and Commercial Loans | Principal Loan Reduction
877-334-0210 or 314-334-0210 | Floyd Tapia, Commercial Lending and Loan Modification Consultant

According to a RealtyTrac report released yesterday, 26 percent of all homes sold last year were foreclosures and short sales.

Homes already foreclosed on and repossessed by banks, called REOs (real estate owned), sold for an average of 36 percent less than normal sales, RealtyTrac reported.

Meanwhile, the discount for homes sold while they were still in the foreclosure process (short sales) was 15 percent as followed by the St Louis Refinancing Group news team.

"It's like the post-holiday sales at

Macy's where they're trying to clear out unwanted inventory," said Anthony Sanders, a real estate professor at George Mason University.

Nevada had the highest percentage of distressed sales of any state at 57 percent.

That was, however, less than 2009, when 67 percent of sales there were foreclosures.

In Arizona, 49 percent of sales were distressed properties; in California, 44 percent; and in Florida, 36 percent. Foreclosed properties sold for the biggest discount which ended up being 50 percent off in New Jersey.

These investment opportunities are not going away. Nearly 30 percent of mortgage borrowers are underwater on their loans, owing more than their homes are worth, according to Stan Humphries, chief economist for Zillow, the real estate web site.

These owners are very vulnerable to foreclosure so the number of distressed properties that will go on sale only the next year or two will probably remained high.

=============================================

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.

We Are Now On Google Maps!

St Louis Mortgage: Scan the below code with your smartphone for more details on the best home mortgage, commercial lending and financing and the best principal reduction program available.

 

=============================================

ARE YOU UPSIDE DOWN ON YOUR HOME?
ARE YOU FACING FORECLOSURE?

What if you could substantially reduce your existing mortgage debt balance in as little as 90 days with one simple application or even get a reduced mortgage principal settlement due to common errors found in 85% of mortgages?

Principal Reduction Program: Watch These Shocking Mortgage Fraud Videos...

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.

Take action now in order to save your home. Waiting will not help. It will only make your situation worse. This book shown below will take you step-by-step on how to properly fix your mortgage.

Visit our principal reduction and loan reduction website for your FREE loan audit and loan review today!

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.  

============================================

St Louis Beauty Supply and Avon - Kristin Tapia

 QR Code for stlouisbeauty at Kimtag

St Louis Mortgage and Loans - Liberty Lending Consultants

QR Code for stlouismortgage at Kimtag

St Louis Mobile Coupons

 QR Code for stlmobilecoupons at Kimtag

St Louis Magic and Birthday Parties - Josh Routh

 QR Code for stlouismagic at Kimtag

To "read" the boxy black-and-white bar code above, you'll need a smartphone. If you need a reader APP, you can => Download a QR code APP reader here for your smartphone.

=======================================

Mobile Phone Users Click Here For Your Safe and FREE STLTEXT Shopping App  

 

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Tue, 12 Jul 2011 15:07:00 -0700 St Louis Refinancing and Home Loan Mortgage: 1 In 4 Get Loan Modification http://stlouismortgage.posterous.com/st-louis-refinancing-and-home-loan-mortgage-1 http://stlouismortgage.posterous.com/st-louis-refinancing-and-home-loan-mortgage-1

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St Louis Mortgage and Real Estate News –

St Louis Mortgage Refinancing and Mortgage Lending News: Only 1 In 4 Get Mortgage Relief
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

As HAMP slowly moves ahead, only one in four of the 2.7 million homeowners who sought to participate in the Obama administration's signature mortgage assistance program have succeeded in getting their monthly payments reduced.

The rest failed to qualify for the program or were disqualified after they were initially accepted into the program, according to an analysis by the Wall Street Journal of data on applicants to the program newly released by the Treasury Department.

In all, about 680,000 homeowners who applied for the Home Affordable Modification Program, or HAMP, had received permanent modifications of their loans and were making timely payments or were still in the trial phase as of December 2010 according to St Louis home loan experts.

Almost 6.7 million U.S. homes were lost to foreclosure, short sales or turned back to lenders between

2000 and 2010, according to Moody's Analytics.

Another 3.6 million could meet the same fate through 2013.

The White House launched the HAMP program in 2009 as a broad attempt to reverse the rising number of home foreclosures by reducing families' mortgage payments, typically by lowering the interest rate and extending the term of a loan.

But the administration's strict eligibility criteria resulted in far lower participation than expected.

Almost half of the applicants to the program, or about 1.3 million homeowners, were declared ineligible from the very start.

Applicants were most often rejected because they didn't submit the necessary paperwork, or it was lost by their mortgage company.

Nearly 266,000 applicants were denied for this reason.

Another 255,000 were ineligible because they were considered to have affordable mortgages, defined as less than 31 percent of pretax income.

Borrowers also were turned down because they had loans for more than $730,000 or were not considered in danger of defaulting soon.

Another 770,000 homeowners started the program but were later disqualified, most for the same paperwork and eligibility problems as the applicants turned away at the outset.

Only a small number were rejected for failing to make trial payments. Homeowners in southern states had the hardest time getting into the program and staying there.

In the four-state region of Arkansas, Louisiana, Oklahoma and Texas, about 83 percent of applying homeowners failed to complete the loan-modification process.

That proportion was 80 percent in the four-state region of Alabama, Kentucky, Mississippi and Tennessee.

Homeowners had the least trouble getting into the program in New England, where the rejection rate was 72 percent, and in western states, including Alaska, California, Hawaii, Oregon and Washington.

The program has faced sharp criticism. Neil Barofsky, the departing special inspector general overseeing the program, has faulted the administration for launching it with inadequate analysis and only partially developed guidelines.

This led to delays and confusion, and the program "continues to fall short of any meaningful standard of success," he said a report released in January.

House Republicans have called the program a waste of money and are considering a bill this week to end the program.

"In an era of record-breaking deficits, it's time to pull the plug on these programs that are actually doing more harm than good for struggling homeowners," Representative Spencer Bachus (Republican, Alaska) said last week.

Contribution by the Wall Street Journal

=============================================

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.

We Are Now On Google Maps! St Louis Mortgage: Scan the below code with your smartphone for more details on the best home mortgage, commercial lending and financing and the best principal reduction program available.

 

=============================================

ARE YOU UPSIDE DOWN ON YOUR HOME?
ARE YOU FACING FORECLOSURE?

What if you could substantially reduce your existing mortgage debt balance in as little as 90 days with one simple application or even get a reduced mortgage principal settlement due to common errors found in 85% of mortgages?

Principal Reduction Program: Watch These Shocking Mortgage Fraud Videos...

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.

Take action now in order to save your home. Waiting will not help. It will only make your situation worse. This book shown below will take you step-by-step on how to properly fix your mortgage.

Visit our principal reduction and loan reduction website for your FREE loan audit and loan review today! 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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Tue, 05 Jul 2011 17:38:00 -0700 St Louis Lending and Mortgage Refinancing Loan: ARMs Are Definitely Back http://stlouismortgage.posterous.com/st-louis-lending-and-mortgage-refinancing-loa http://stlouismortgage.posterous.com/st-louis-lending-and-mortgage-refinancing-loa

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St Louis Mortgage and Real Estate News –

St Louis Finance Lending and Mortgage Loan News: Adjustable Rate Mortgages Are Back
St Louis Home Mortgage and Commercial Loans | Principal Loan Reduction
877-334-0210 or 314-334-0210 | Floyd Tapia, Commercial Lending and Loan Modification Advocate

After accounting for nearly 70 percent of all mortgages issued during the boom, adjustable rate mortgages (ARMs) vanished during the bust, totaling just 3 percent of the market in 2009.

Now they make up 5 percent of all mortgages issued, and Freddie Mac predicts 10 percent by December according to St Louis lending experts.

Behind the comeback is a simple fact:

ARMs are a great bargain right now.

The most common ARM loan currently has a rate of 3.5 percent compared to 5 percent for a 30-year fixed-rate mortgage.

"For anyone with a high likelihood of moving soon, the 5/1 is a great product," said Michael Fratantoni, vice president of research and economics for the Mortgage Bankers Association.

He continues: "It's a well understood product too; there's not a lot of danger with it."

So why isn't everyone grabbing an ARM?

Well, because fixed-rate mortgages are seen as safer because they carry the same rate over life of the loan. Borrowers always know what their payment will be.

But with ARMs, interest rates change over time.

For example, the 5/1 ARM which is the most common loan has the 3.5 percent introductory rate for the first five years. After that, the rate adjusts annually.

That sounds kind of dangerous, but one must look deeper.

On a $200,000 mortgage, the monthly ARM payment at 3.5 percnet would be $898 compared with $1,074 for a 30-year, fixed-rate loan at 5 percent.

That's a $10,560 difference after five years, when the ARM would adjust. At that point the ARM rate could jump to a worst-case scenario 8.5 percent and the monthly payment to $1,538.

It would still take more than 22 months of the higher ARM payments to offset the first five years of savings.

Many buyers remember the so-called toxic or exploding ARMs and how their defaults triggered the mortgage meltdown, helped sink the housing market and usher in the Great Recession.

These loans failed for a couple of reasons.

First, many were issued to people who lacked the income to pay once the initial years of low fixed rates ended and the interest rate reset higher.

Second, the caliber of borrowers was very low. The 5/1 is an entirely different animal, experts says.

Unlike the toxic ARMs, these products are issued to borrowers with high credit scores, making substantial down payments and with assets, debt and income carefully underwritten before approval.

Rosenbaum said he's always featured the 5/1 ARM as the product of choice unless the clients tell him they're planning to live in the home for 15 or 20 years.

For people planning to stay for less time, "it's paying for insurance they don't need," he said.

=============================================

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.

We Are Now On Google Maps!

St Louis Mortgage: Scan the below code with your smartphone for more details on the best home mortgage, commercial lending and financing and the best principal reduction program available.

 

=============================================

ARE YOU UPSIDE DOWN ON YOUR HOME?
ARE YOU FACING FORECLOSURE?

What if you could substantially reduce your existing mortgage debt balance in as little as 90 days with one simple application or even get a reduced mortgage principal settlement due to common errors found in 85% of mortgages?

Principal Reduction Program: Watch These Shocking Mortgage Fraud Videos...

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.

 Take action now in order to save your home. Waiting will not help. It will only make your situation worse. This book shown below will take you step-by-step on how to properly fix your mortgage.

Visit our principal reduction and loan reduction website for your FREE loan audit and loan review today!

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.

 ============================================

St Louis Beauty Supply and Avon - Kristin Tapia

 QR Code for stlouisbeauty at Kimtag

St Louis Mortgage and Loans - Liberty Lending Consultants

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=======================================

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Mon, 04 Jul 2011 16:27:13 -0700 St Louis Home Mortgage and Loan Reduction: US Postal Service Feeling The Crunch http://stlouismortgage.posterous.com/st-louis-home-mortgage-and-loan-reduction-us http://stlouismortgage.posterous.com/st-louis-home-mortgage-and-loan-reduction-us

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St Louis Mortgage and Real Estate News –

St Louis Finance and Refinancing Loan News: US Postal Service In Financial Trouble
 St Louis Mortgage Broker and Commercial Loans | Principal Loan Reduction
877-334-0210 or 314-334-0210 | Floyd Tapia, Commercial Lending and Loan Compliance Advocate

 The U.S. Postal Service (USPS), a self-supporting government agency that receives no tax dollars, said it suffered a loss of $329 million in the first quarter of federal fiscal year 2011. That was compared with a loss of $297 million a year earlier.

The agency has been suffering from an ongoing decline in mail volume, which has undercut revenues, while

retiree health care costs have been straining its reserves.

Excluding costs related to retiree benefits and adjustments to workers' compensation liability, the Postal Service said it had net income of $226 million in the first quarter, which ended December 31, 2010.

The agency said it will be forced to default on some of its financial obligations this year unless Congress changes a 2006 law requiring it to pay between $5.4 and $5.8 billion into its prepaid retiree health benefits each year.

The Postal Service has taken a number of steps to increase revenue, including marketing initiatives and price increases. The agency raised rates an average of 3.6 percent in January 2011.

It is also perusing more dramatic changes. Last year, the USPS submitted a request to the Postal Regulatory Commission, which oversees the agency, to eliminate Saturday mail service.

The commission has yet to respond to the request, but a spokesman said it is in the "final phase" of making its decision.

The USPS has also cut back on hours to save money. The agency expects to eliminate 40 million work hours this fiscal year as part of a plan to save $2 billion.

However, the service is currently negotiating new contracts with the American Postal Workers Union and the National Rural Letter Carriers Association, which will probably object to cutting hours.

But it's probably time that postal workers wake up and smell the coffee. With lower mailings which means lower profits, they must use common sense and realize they can no longer demand the same amount of hours.

They will have to compromise for the well being of the USPS just like millions of others have in the private working sectors.

On the bright side, the Postal Service said improving economic conditions suggest the "worst of the precipitous volume decline during the recession is over."

But mail volume continues to be anemic, rising only 1.5 percent in the first quarter as economic growth remains sluggish.

=============================================

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.

We Are Now On Google Maps!

St Louis Mortgage: Scan the below code with your smartphone for more details on the best home mortgage, commercial lending and financing and the best principal reduction program available.

 

=============================================

ARE YOU UPSIDE DOWN ON YOUR HOME?
ARE YOU FACING FORECLOSURE?

What if you could substantially reduce your existing mortgage debt balance in as little as 90 days with one simple application or even get a reduced mortgage principal settlement due to common errors found in 85% of mortgages?

Principal Reduction Program: Watch These Shocking Mortgage Fraud Videos...

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.

Take action now in order to save your home. Waiting will not help. It will only make your situation worse. This book shown below will take you step-by-step on how to properly fix your mortgage.

Visit our principal reduction and loan reduction website for your FREE loan audit and loan review today!

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.

============================================

St Louis Beauty Supply and Avon - Kristin Tapia

 QR Code for stlouisbeauty at Kimtag

St Louis Mortgage and Loans - Liberty Lending Consultants

QR Code for stlouismortgage at Kimtag

St Louis Mobile Coupons

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To "read" the boxy black-and-white bar code above, you'll need a smartphone. If you need a reader APP, you can => Download a QR code APP reader here for your smartphone.

=======================================

Mobile Phone Users Click Here For Your Safe and FREE STLTEXT Shopping App

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Sat, 02 Jul 2011 14:43:50 -0700 St Louis Home Loan and Mortgage Lending: Fannie and Freddie Out http://stlouismortgage.posterous.com/st-louis-home-loan-and-mortgage-lending-fanni http://stlouismortgage.posterous.com/st-louis-home-loan-and-mortgage-lending-fanni

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St Louis Mortgage and Real Estate News –

St Louis Finance and Loan News: Fannie and Freddie Recommended To Be Phased Out
St Louis Home Mortgage and Commercial Loans | Principal Loan Reduction Program
877-334-0210 or 314-334-0210 | Floyd Tapia, Commercial Lending and Loan Modification Advocate

 There are new reports coming from the White House stating that the Obama administration has issued a White Paper strongly recommending the gradual elimination of government-sponsored mortgage backers Fannie Mae and Freddie Mac according to St Louis mortgage brokers.

It has included three different options for reducing the role the U.S. government plays in the

mortgage market, the Washington official said.

The three options in the administration's white paper were outlined in published reports in February 2011.

The most conservative of the three options would involve no government role in the mortgage market beyond existing federal agencies, such as the Federal Housing Administration (FHA), according to the Wall Street Journal.

The two other options relate to the government's place in the secondary mortgage market, previously filled by Fannie and Freddie.

Under one option, the government would backstop mortgages during times of "market stress," while the other recommends that the government be involved at all times.

In addition, officials could also reduce the maximum loan limit for mortgages that Fannie and Freddie are allowed to buy, and encourage them to raise the fees they charge banks to guarantee mortgages.

Other options that could be discussed in the white paper are gradual increases in the minimum down payments on government-backed loans, and an accelerated reduction in Fannie and Freddie's loan portfolios according to St Louis finance news reports.

=============================================

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.

We Are Now On Google Maps!

St Louis Mortgage: Scan the below code with your smartphone for more details on the best home mortgage, commercial lending and financing and the best principal reduction program available.

=============================================

ARE YOU UPSIDE DOWN ON YOUR HOME?
ARE YOU FACING FORECLOSURE?

What if you could substantially reduce your existing mortgage debt balance in as little as 90 days with one simple application or even get a reduced mortgage principal settlement due to common errors found in 85% of mortgages?

Principal Reduction Program: Watch These Shocking Mortgage Fraud Videos...

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.

Take action now in order to save your home. Waiting will not help. It will only make your situation worse. This book shown below will take you step-by-step on how to properly fix your mortgage.

Visit our principal reduction and loan reduction website for your FREE loan audit and loan review today!

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. ============================================

St Louis Beauty Supply and Avon - Kristin Tapia

QR Code for stlouisbeauty at Kimtag

St Louis Mortgage and Loans - Liberty Lending Consultants

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St Louis Mobile Coupons

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To "read" the boxy black-and-white bar code above, you'll need a smartphone. If you need a reader APP, you can => Download a QR code APP reader here for your smartphone. =======================================

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Wed, 29 Jun 2011 17:57:49 -0700 St Louis Mortgage Loan and Refinancing Loan: Market Bears 30 Percent Of Foreclosures http://stlouismortgage.posterous.com/st-louis-mortgage-loan-and-refinancing-loan-m http://stlouismortgage.posterous.com/st-louis-mortgage-loan-and-refinancing-loan-m

St Louis Mortgage and Real Estate News –

St Louis Finance and Principal Loan Reduction News: Only 30 Percent Of Foreclosures On The Housing Market
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

RealtyTrac Senior Vice President Rick Sharga said major banks currently hold roughly 1 million REO, or homes repossessed through foreclosure, but only 30 percent have actually made it onto the market.

According to its year-end report, foreclosure filings reached a new high in 2010 and should climb even higher this year, possibly surpassing 4 million filings according to several St Louis mortgage brokers.

And that's not counting the more than 5 million delinquent loans that have yet to enter the

initial stages of the foreclosure process, Sharga said.

The major kink in the housing market's recovery, and for the macro economy overall, is the work left to be done on homes currently in the foreclosure process, those about to enter it and the amount of repossessed homes the banks must shed.

Striking a proper balance on how to mange this shadow inventory of foreclosures is vital for the banks to show a healthy balance sheet while not dumping too many distressed properties onto the market, further dragging down home prices and values.

A recent study from Morgan Stanley showed the shadow inventory, those properties facing imminent default, evolving from mostly sub-prime and Alt-A loans to containing more prime loans as elevated unemployment levels have pushed more homeowners behind on their mortgage.

Analysts said that some 8 million repossessions would need to be liquidated over the next five years before the market stabilizes.

Adding to the problem are recent issues the banks are having processing the paperwork.

In October 2010, the banks had to hold up foreclosures to refile affidavits signed improperly in many states, pushing more than 250,000 foreclosure cases into 2011.

Reports recently showed that the problem may have spread to the notices of default as well.

And in the 23 states where lenders must foreclose on a homeowner through the court system, backlogs of cases have formed month-long delays.

Sharga said a court clerk in Florida, one of the states with the longest traffic jams, told him between 500,000 and 600,000 cases are yet to be heard.

Sharga said he's encouraged by the uptick in demand for REO.

"We've seen more traffic on our site, and even more buyers raising their hand asking for help from a Realtor," he said.

Sharga continues: "This means they're getting serious about buying again." He also said that the most traffic comes from Southwestern states and Florida.

=============================================

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.

We Are Now On Google Maps!

St Louis Mortgage: Scan the below code with your smartphone for more details on the best home mortgage, commercial lending and financing and the best principal reduction program available.

=============================================

ARE YOU UPSIDE DOWN ON YOUR HOME?
ARE YOU FACING FORECLOSURE?

What if you could substantially reduce your existing mortgage debt balance in as little as 90 days with one simple application or even get a reduced mortgage principal settlement due to common errors found in 85% of mortgages?

Principal Reduction Program: Watch These Shocking Mortgage Fraud Videos...

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.

Take action now in order to save your home. Waiting will not help. It will only make your situation worse. This book shown below will take you step-by-step on how to properly fix your mortgage.

Visit our principal reduction and loan reduction website for your FREE loan audit and loan review today!

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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Tue, 28 Jun 2011 07:57:55 -0700 St Louis Mortgage Refinancing and Home Loan Mortgage: Higher Credit Card Rates http://stlouismortgage.posterous.com/st-louis-mortgage-refinancing-and-home-loan-m http://stlouismortgage.posterous.com/st-louis-mortgage-refinancing-and-home-loan-m

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St Louis Mortgage and Real Estate News –

St Louis Finance and Loan News: Credit Card Rates At All Time High
St Louis Home Mortgage and Commercial Loans | Principal Reduction Program
877-334-0210 or 314-334-0210 | Floyd Tapia, Commercial Lending and Loan Modification Advocate

 Current interest rates for credit cards are now hovering near record highs, at an average rate of 14.72 percent.

And if your credit is bad enough, you could even end up with a rate as high as 59.9 percent APR.

That's because while the CARD Act helped

crack down on certain fees and requires more disclosures, it didn't cap every credit card holder's worst enemy: interest rates.

The new rules prevent banks from raising most interest rates retroactively, but there's no limit on the rates they can charge new customers, and that has the consequence of driving rates up for new customers.

"Rates are going up because card issuers know that once you get a card they can't raise the rates, so they're raising rates on the front end to ensure they get the revenue from that interest," said Beverly Harzog, credit card expert at Credit.com.

Annual percentage rates have climbed more than 20 percent over the past two years and hit an all-time high of an average 14.78 percent in mid-November 2010.

This information was based on weekly data CreditCards.com collects from 100 of the nation's top credit card issuers.

And there seems to be no end in sight.

While interest rate caps have been proposed which includes a proposal from New York Congressman Maurice Hinchey that would limit rates at 15 percent, as of yet, none have been passed into law.

=============================================

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.

We Are Now On Google Maps!

St Louis Mortgage: Scan the below code with your smartphone for more details on the best home mortgage, commercial lending and financing and the best principal reduction program available.

=============================================

ARE YOU UPSIDE DOWN ON YOUR HOME?
ARE YOU FACING FORECLOSURE?

What if you could substantially reduce your existing mortgage debt balance in as little as 90 days with one simple application or even get a reduced mortgage principal settlement due to common errors found in 85% of mortgages?

Principal Reduction Program: Watch These Shocking Mortgage Fraud Videos...

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.

Take action now in order to save your home. Waiting will not help. It will only make your situation worse. This book shown below will take you step-by-step on how to properly fix your mortgage.

Visit our principal reduction and loan reduction website for your FREE loan audit and loan review today!

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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Mon, 27 Jun 2011 07:52:00 -0700 St Louis Home Mortgage, Loans and Refinancing: Foreclosures Spreading http://stlouismortgage.posterous.com/st-louis-home-mortgage-loans-and-refinancing http://stlouismortgage.posterous.com/st-louis-home-mortgage-loans-and-refinancing

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St Louis Mortgage and Real Estate News –

St Louis Finance and Loan News: Foreclosures Are Spreading
St Louis Mortgage Refinancing and Commercial Loans | Principal Reduction Program
877-334-0210 or 314-334-0210 | Floyd Tapia, Commercial Lending and Loan Modification Advocate

 According to a report released early in 2011 by RealtyTrac, one out of every 9 homes in Las Vegas, Nevada received some kind of default notice in 2010.

But there seems to be a silver lining: The foreclosure rate is actually dropping in Vegas which was down 7 percent compared to the end of 2009 according to the St Louis Refinancing Group news team.

In fact, rates fell in all top 10 foreclosure markets of 2010.

In second highest foreclosure market,

Cape Coral, Florida, the filings dropped 28 percent. In third place came Modesto, California, which filings fell 13 percent. And in forth place was Phoenix which numbers dipped to 7 percent.

But even as foreclosures fell in the worst-hit areas, they rose in 72 percent of the 206 metro areas covered by RealtyTrac's report.

Foreclosures have spread beyond the original bubble cities as the economy melted down through this mortgage crisis.

Unemployment rates spiked nearly everywhere, and people out of work cannot make their mortgage payments.

In addition, under the new FHA rules, they can no longer count unemployment benefits as income when applying for a loan modification.

As a result, there is now a cohort of metro areas that did not enjoy the housing boom but are now enduring double-digit foreclosure spikes.

For example, Houston foreclosures grew by 26 percent which is the biggest jump by any of the 20 largest metro areas to one for every 62 households.

The city especially suffered from a bleak job picture, with unemployment rising to 8.6 percent in November 2010 from 8.1 percent a year earlier.

Atlanta rose to 25th place with a 21 percent jump in 2010 filings following a 42 percent spike in 2009.

And heading westward, Salt Lake City filings ballooned by 30 percent in 2010 which placed them a solid 27th place.

Bubble state cities still dominate the top of the list, however, accounting for 19 of the 20 top markets.

And the easing in these worst-hit markets may be temporary, said Rick Sharga, spokesman for RealtyTrac.

He forecasts a foreclosure rise again in the Sand States in 2011 as banks restart their engines.

Overall, he thinks, foreclosures should plateau and stay at about the same level throughout 2012.

"Until jobs come back, we won't see much of a change," Sharga said.

=============================================

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.

We Are Now On Google Maps!

St Louis Mortgage: Scan the below code with your smartphone for more details on the best home mortgage, commercial lending and financing and the best principal reduction program available.

 =============================================

ARE YOU UPSIDE DOWN ON YOUR HOME?
ARE YOU FACING FORECLOSURE?

What if you could substantially reduce your existing mortgage debt balance in as little as 90 days with one simple application or even get a reduced mortgage principal settlement due to common errors found in 85% of mortgages?

Principal Reduction Program: Watch These Shocking Mortgage Fraud Videos...

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.

Take action now in order to save your home. Waiting will not help. It will only make your situation worse. This book shown below will take you step-by-step on how to properly fix your mortgage.

Visit our principal reduction and loan reduction website for your FREE loan audit and loan review today!

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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=======================================

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Fri, 24 Jun 2011 13:41:00 -0700 St Louis Mortgage Loan and Lending: Home Prices Have Been Lower http://stlouismortgage.posterous.com/st-louis-mortgage-loan-and-lending-home-price http://stlouismortgage.posterous.com/st-louis-mortgage-loan-and-lending-home-price

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St Louis Mortgage and Real Estate News –

St Louis Finance and Loan Audit News: Home Prices 4.1 Percent Lower In 2010
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

American home prices were turbulent through 2010 ending up 4.1 percent lower than the year before, according to analytics firm Clear Capital. And prices are expected

to fall another 3.6 percent over 2011.

The homebuyer tax credit proved an artificial boost to home prices, which tapered off nearly as soon as it expired in April.

The period immediately after created probably the most volatile year of home prices in history, the report claims.

Values declined 5.3 percent over the first 12 weeks of the year, only to spike 9.7 percent through mid August.

But when the market left the summer months, prices dipped right back down another 9.4 percent.

"In terms of home prices, this past year has certainly been characterized by uncertainty,” Alex Villacorta, senior statistician at Clear Capital, said.

He went on to say that "tax incentives and high levels of distressed sale activity had counter effects on home prices which contributed to the fragility of the markets."

At least the decline in 2011 will be a smooth one.

The wild spikes experienced in 2010 will likely be replaced with more gradual price trends this year.

Price forecasts show varying levels of decline across all four regions in 2011, with local markets in the West expected to accumulate the largest overall losses," according to the Clear Capital report.

Prices fell in 70 percent of the major markets in the United States, and half experienced double-digit drops.

Those were Dayton and Columbus, Ohio; Milwaukee, Wisconsin; Tucson, Arizona; and New Haven, Connecticut; Jacksonville, Florida; Virginia Beach and Richmond, Virginia.

In Dayton, prices fell more than 22 percent from the year before.

2011 hasn't look much better for these markets.

Clear Capital expected all but Columbus and Milwaukee to experience double-digit declines again.

But some markets such as Washington, D.C. and Houston, Texas were expected to see brighter improvements.

=============================================

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.

We Are Now On Google Maps!

St Louis Mortgage: Scan the below code with your smartphone for more details on the best home mortgage, commercial lending and financing and the best principal reduction program available.

=============================================

ARE YOU UPSIDE DOWN ON YOUR HOME?
ARE YOU FACING FORECLOSURE?

What if you could substantially reduce your existing mortgage debt balance in as little as 90 days with one simple application or even get a reduced mortgage principal settlement due to common errors found in 85% of mortgages?

Principal Reduction Program: Watch These Shocking Mortgage Fraud Videos...

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.

Take action now in order to save your home. Waiting will not help. It will only make your situation worse. This book shown below will take you step-by-step on how to properly fix your mortgage.

Visit our principal reduction and loan reduction website for your FREE loan audit and loan review today!

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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Thu, 23 Jun 2011 12:40:00 -0700 St Louis Home Loan and Mortgage Lending: Rural Defaults Increase http://stlouismortgage.posterous.com/st-louis-home-loan-and-mortgage-lending-rural http://stlouismortgage.posterous.com/st-louis-home-loan-and-mortgage-lending-rural

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St Louis Mortgage and Real Estate News –

St Louis Finance and Lending News: Rural Defaults On The Rise
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

 Seeking to buoy a strained rural economy in the midst of the recession, the then-Democrat dominated Congress ordered up a huge increase in federal mortgage guarantees for small-town home buyers as part of the 2009 economic stimulus package according to several economists including St Louis home loans experts.

A newly released audit has found that the rural home loan program, administered by the United States

Department of Agriculture (USDA), was plagued by lax government oversight and many of the same sloppy banking practices that fed the broader mortgage debacle.

Although the auditors looked at only a tiny sample of the 133,053 loan guarantees made in 2009, they estimated that tens of thousands might have been done improperly and warned that a wave of defaults might be looming.

Analysts said the problems echoed those exposed earlier in the mortgage crisis, with banks seemingly eager to collect fees for loans in which they retained little or no risk.

The audit estimated that more than 10 percent of the loans made possible through the program might have been to borrowers who were not eligible because they did not meet the minimum financial requirements and might not have had the means to pay them back.

In many instances, lenders improperly calculated income figures for borrowers.

The audit, released last week by the office of the USDA inspector general, Phyllis K. Fong, also found that USDA officials failed to detect the errors.

The report did not say whether any lenders appeared to have intentionally skirted the rules.

“In a couple years, when these loans are going bad, everybody’s going to say, ‘Oh me, oh my, how did this happen?’ ” said Christopher Whalen, managing director of Institutional Risk Analytics, a bank rating and consulting firm.

“There’s no surprises here.”

=============================================

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.

We Are Now On Google Maps!

St Louis Mortgage: Scan the below code with your smartphone for more details on the best home mortgage, commercial lending and financing and the best principal reduction program available.

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To "read" the boxy black-and-white bar code above, you'll need a smartphone. If you need a reader APP, you can => Download a QR code APP reader here for your smartphone.

=============================================

ARE YOU UPSIDE DOWN ON YOUR HOME?
ARE YOU FACING FORECLOSURE?

What if you could substantially reduce your existing mortgage debt balance in as little as 90 days with one simple application or even get a reduced mortgage principal settlement due to common errors found in 85% of mortgages?

Principal Reduction Program: Watch These Shocking Mortgage Fraud Videos...

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.

Take action now in order to save your home. Waiting will not help. It will only make your situation worse. This book shown below will take you step-by-step on how to properly fix your mortgage.

Visit our principal reduction and loan reduction website for your FREE loan audit and loan review today!

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.

Permalink | Leave a comment  »

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Wed, 22 Jun 2011 06:17:00 -0700 St Louis Mortgage Broker and Home Loan Mortgage: HAMP Is Still Struggling http://stlouismortgage.posterous.com/st-louis-mortgage-broker-and-home-loan-mortga http://stlouismortgage.posterous.com/st-louis-mortgage-broker-and-home-loan-mortga

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St Louis Mortgage and Real Estate News –

St Louis Mortgage Refinancing and Lending News: HAMP Found Lacking, Again
St Louis Home Mortgage and Commercial Loans | Principal Reduction Program
877-334-0210 or 314-334-0210 | Floyd Tapia, Commercial Lending and Loan Modification Consultant

Approximately twelve months ago, the Congressional Oversight Panel found the program HAMP to be struggling to get off the ground despite having been in action for nearly a year and a half.

The latest evaluation of the Home Affordable Modification Program (HAMP) came out and the result was the same deal. HAMP has undergone several tweaks since April 2010.

But the Congressional Oversight Panel, created to issue periodic reports on the TARP bailout program, found little improvement in performance according to a St Louis mortgage broker.

Instead of helping 3 million to

4 million struggling mortgage borrowers keep their homes, as originally projected, HAMP will prevent only about 700,000 to 800,000 foreclosures.

That number is dwarfed by the 8 million to 13 million foreclosures expected to occur by 2012.

Through the end of October 2010, there have been 519,648 permanent loan modifications made.

And, since the Treasury Department lost the authority to further restructure the program at the end of October, bolstering its prospects is no longer likely, the report said.

In fact, banks are offering more modifications through their own process than through the government's.

The new report cited several reasons for the program's failure.

For one, servicers, the companies hired by banks to manage the loans, earn extra profits through fees imposed during foreclosure.

Because of that, servicers were preventing or delaying modifications for their own monetary advantage.

Another big obstacle was that many loans in trouble often came burdened with second mortgages in the way of home equity loans or lines of credit where those banks had to sign off on potential deals.

Because so many homes are worth less than the borrowers owe or negative equity, there is little money to cover the first loan, let alone a second mortgage.

So many banks in the second position refused to sign off unless they were paid something.

The oversight panel also faulted the Treasury for not having effective means of collecting and analyzing HAMP data.

The department, said the panel, did not even set meaningful goals against which to weigh the program's effectiveness.

Because participation has been so limited, HAMP will probably only spend about $4 billion of the $30 billion allocated for it.

Even the loans that have been permanently modified through HAMP have not performed well.

Many have already re-defaulted, and that basically means taxpayer money down the drain.

=============================================

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.

We Are Now On Google Maps!

St Louis Mortgage: Scan the below code with your smartphone for more details on the best home mortgage, commercial lending and financing and the best principal reduction program available.

 

QR Code for stlouismortgage at Kimtag

 

To "read" the boxy black-and-white bar code above, you'll need a smartphone. If you need a reader APP, you can => Download a QR code APP reader here for your smartphone.

=============================================

ARE YOU UPSIDE DOWN ON YOUR HOME?
ARE YOU FACING FORECLOSURE?

What if you could substantially reduce your existing mortgage debt balance in as little as 90 days with one simple application or even get a reduced mortgage principal settlement due to common errors found in 85% of mortgages?

Principal Reduction Program: Watch These Shocking Mortgage Fraud Videos...

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.

 Take action now in order to save your home. Waiting will not help. It will only make your situation worse. This book shown below will take you step-by-step on how to properly fix your mortgage.

Visit our principal reduction and loan reduction website for your FREE loan audit and loan review today!

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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Tue, 21 Jun 2011 06:15:00 -0700 St Louis Mortgage Refinancing and Principal Loan Reduction: Mortgage Market Future Losses http://stlouismortgage.posterous.com/st-louis-mortgage-refinancing-and-principal-l http://stlouismortgage.posterous.com/st-louis-mortgage-refinancing-and-principal-l

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St Louis Mortgage and Real Estate News –

St Louis Mortgage and Loan Reduction News: Mortgage Market Underestimating Future Defaults?
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

Amherst Securities Group said the market is not taking into consideration the high likelihood of potential defaults on performing or re-performing mortgages when estimating future losses on these delinquent loans.

Mortgage-backed securities analysts at the fixed income dealer took a look at $1.3 trillion in outstanding non-agency mortgages from a year ago to see how they're doing as of November 2010 according to St Louis mortgage lending sources.

They found that the $485 Billion

of nonperforming loans, those more than 60 days delinquent, dropped to $414 billion through either loan modification or liquidation.

However, Amherst said that bucket alone does not detail the lurking risk. Re-performing borrowers stand a very good chance of re-defaulting, according to Amherst.

For the Home Affordable Modification Program (HAMP), alone, the Treasury Department has estimated a 40 percent re-default rate.

Borrowers classified as performing could very well be underwater with home prices dropping so far from their peaks in 2006.

Across all loan products, 9.9 percent of the mortgages pre-paid, compared to 13.7 percent that went into default.

"Thus, even in a year with low mortgage rates at generational lows, more loans that had never before missed two payments transitioned to default than pre-paid," Amherst said.

The company goes on to say: "No matter how you look at it, borrowers with substantially negative equity are very vulnerable to default."

Analysts concluded that simply looking at the amount of delinquencies will not give the market a safe estimate of what future losses might be.

"By focusing only on delinquent loans, the market is underestimating the size of the housing problem and the potential losses to bondholders if further policy actions are not taken," Amherst said.

=============================================

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.

We Are Now On Google Maps!

St Louis Mortgage: Scan the below code with your smartphone for more details on the best home mortgage, commercial lending and financing and the best principal reduction program available.

 
To "read" the boxy black-and-white bar code above, you'll need a smartphone. If you need a reader APP, you can => Download a QR code APP reader here.

=============================================

ARE YOU UPSIDE DOWN ON YOUR HOME?
ARE YOU FACING FORECLOSURE?

What if you could substantially reduce your existing mortgage debt balance in as little as 90 days with one simple application or even get a reduced mortgage principal settlement due to common errors found in 85% of mortgages?

Principal Reduction Program: Watch These Shocking Mortgage Fraud Videos...

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.

Take action now in order to save your home. Waiting will not help. It will only make your situation worse. This book shown below will take you step-by-step on how to properly fix your mortgage.

Visit our principal reduction and loan reduction website for your FREE loan audit and loan review today!

Permalink | Leave a comment  »

]]>
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Mon, 20 Jun 2011 14:46:00 -0700 St Louis Mortgage Loan and Finance Lending: Bank of America Is Settling http://stlouismortgage.posterous.com/st-louis-mortgage-loan-and-finance-lending-ba http://stlouismortgage.posterous.com/st-louis-mortgage-loan-and-finance-lending-ba

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St Louis Mortgage and Real Estate News –

St Louis Mortgage Lending and Loan Modification: Bank of America Settles For $3 Billion Dollars
St Louis Home Mortgage and Commercial Loans | Principal Reduction Program
877-334-0210 or 314-334-0210 | Floyd Tapia, Commercial Lending and Loan Reduction Advocate

Bank of America (BOA) said that it paid nearly $1.3 billion to Freddie Mac and more than $1.3 billion to Fannie Mae on December 31, 2010 to resolve a faulty mortgage loan dispute involving Countrywide Financial Corp.

The $2.6 billion worth of payments to Freddie and Fannie, combined with potential losse on future repurchases from government-sponsored enterprises, adds up to $3 billion in expenses, according to St Louis loan experts.

Bank of America also expects to take an additional $2 billion charge to fourth-quarter results from

the decline in the mortgage business, bringing the total impact to the company to $5 billion.

"Our goals remain the same: put these issues behind us; focus on serving customers and clients; and continue to help distressed homeowners facing difficult times," said Bank of America Chief Executive Brian Moynihan.

The deals with Freddie Mac and Fannie Mae don't cover loan servicing obligations, other contractual obligations or loans contained in private label securitizations.

But the agreements are a sign that the bank is working quickly to deal with buyback claims.

Fannie Mae said in a statement that the Bank of America deal was a "fair and responsible resolution" of the outstanding claims.

The company said the agreement accounts for about 44 percent of the $7.7 billion in repurchase requests outstanding with all of its seller servicers as of September 30, 2010.

=============================================

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.

We Are Now On Google Maps!

St Louis Mortgage: Scan the below code with your smartphone for more details on the best home mortgage, commercial lending and financing and the best principal reduction program available.

To "read" the boxy black-and-white bar code above, you'll need a smartphone. If you need a reader APP, you can => Download a QR code APP reader here.

=============================================

ARE YOU UPSIDE DOWN ON YOUR HOME?
ARE YOU FACING FORECLOSURE?

What if you could substantially reduce your existing mortgage debt balance in as little as 90 days with one simple application or even get a reduced mortgage principal settlement due to common errors found in 85% of mortgages?

Principal Reduction Program: Watch These Shocking Mortgage Fraud Videos...

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.

Take action now in order to save your home. Waiting will not help. It will only make your situation worse. This book shown below will take you step-by-step on how to properly fix your mortgage.

Visit our principal reduction and loan reduction website for your FREE loan audit and loan review today!

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.

Permalink | Leave a comment  »

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Sun, 19 Jun 2011 09:29:00 -0700 St Louis Home Loans and Mortgage Refinancing: Strategic Default Risk Increases http://stlouismortgage.posterous.com/st-louis-home-loans-and-mortgage-refinancing http://stlouismortgage.posterous.com/st-louis-home-loans-and-mortgage-refinancing

St Louis Mortgage and Real Estate News –

St Louis Mortgage Lending and Loan Reduction News: Strategic Default Risk May Increase
St Louis Home Mortgage and Commercial Loans | Principal Reduction Program
877-334-0210 or 314-334-0210 | Floyd Tapia, Commercial Lending and Mortgage Loan Modification

The 2011 housing market started off to a bleak pace.

Home prices were expected to drop another 20 percent before hitting bottom, according to economists at A. Gary Shilling & Company, raising the risk that approximately 39.7 percent of borrowers will simply walk away from their home in a strategic default.

The firm reported in its December Investment Insight that home prices are already 29 percent below their peak in the first quarter of 2006 and fell 2 percent between

the second and third quarters of 2010.

Essentially, the economists wrote, things will get worse before they get better.

"Housing normally spurs economic growth early in recoveries as this interest rate-sensitive sector responds to earlier rate cuts by the Fed," the report said.

It went on to say that "this time, it's been a dud due to the collapse in prices."

According to Pew Research, 34.9 percent of Americans said it is acceptable to stop making mortgage payments. That is a little over one-third of consumers who openly welcome a strategic walkaway.

These underwater borrowers are more likely to walk away from their mortgage, or strategically default, because they lack incentive to make the payments.

Economist Nouriel Roubini, of Roubini Global Economics, echoed the Shilling economists' sentiment when he told CNBC this week that he believes the housing market is currently experiencing a double dip.

"It's pretty clear the housing market has already double dipped," Roubini told CNBC, citing the recently released Case-Shiller Index which dropped 0.8 percent in October.

He continues: "Even a 5 percent fall in home prices will push an extra 8 million in negative equity with risk of millions walking away from their home."

The Shilling economists said home prices are dropping because of excess inventory, "the mortal enemy of prices."

According to the report, there is a 1.6 million surplus of housing inventory.

There are currently 4.1 million homes on the market, compared to the 2.5 million that is considered the normal working level.

"That’s a lot considering the average home construction of 1.53 million annually over time," the report said.

The economists added that a category in the Census Bureau's U.S. housing inventory data called "vacant units held off the market for other reasons" (such as homeowners pulling their home off the market in hopes of a better price) has grown to 3.6 million from 2.6 million since the housing bubble burst.

Roubini attributed the drop in home prices to the expiration of the homebuyer's tax credit and the ongoing chaos with mortgage documentation.

=============================================

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.

We Are Now On Google Maps!

St Louis Mortgage: Scan the below code with your smartphone for more details on the best home mortgage, commercial lending and financing and the best principal reduction program available.

 
To "read" the boxy black-and-white bar code above, you'll need a smartphone. If you need a reader APP, you can => Download a QR code APP reader here.

=============================================

ARE YOU UPSIDE DOWN ON YOUR HOME?
ARE YOU FACING FORECLOSURE?

What if you could substantially reduce your existing mortgage debt balance in as little as 90 days with one simple application or even get a reduced mortgage principal settlement due to common errors found in 85% of mortgages?

Principal Reduction Program: Watch These Shocking Mortgage Fraud Videos...

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.

Take action now in order to save your home. Waiting will not help. It will only make your situation worse. This book shown below will take you step-by-step on how to properly fix your mortgage.

Visit our principal reduction and loan reduction website for your FREE loan audit and loan review today!

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.

Permalink | Leave a comment  »

]]>
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Sat, 18 Jun 2011 05:55:00 -0700 St Louis Home Mortgage and Loan: Federal Reserve Did Not Help Economy http://stlouismortgage.posterous.com/st-louis-home-mortgage-and-loan-federal-reser http://stlouismortgage.posterous.com/st-louis-home-mortgage-and-loan-federal-reser

Commercial Lending and Commercial Lenders 877-334-0210

St Louis Mortgage and Real Estate News –

St Louis Finance Lending and Loan Reduction News: Surprising Financial Turn as Federal Reserve's Policy Helped Stocks And Not Economy
St Louis Mortgage and Commercial Loans | Principal Reduction Program
877-334-0210 or 314-334-0210 | Floyd Tapia, Commercial Lending and Loan Modification Advocate

According to a CNBC Fed Survey in December, the Federal Reserve’s policy to purchase $600 billion of bonds in a program widely known as QE2 has been mostly ineffective at lowering interest rates and will do little to improve the unemployment rate.

The survey of 76 economists, bond and stock traders, and analysts, found about 62 percent saying the Fed’s program has been ineffective at lowering interest rates.

A similar percentage believes the

program will not help lower the unemployment rate.

But respondents to the survey say the Federal Reserve's program has played an important part in raising stock and commodity prices.

In fact, nearly three-quarters of the group say the Fed’s bond purchase program has helped raise stock prices, while 63 percent see it as a reason why commodity prices are higher.

The Federal Reserve has been the subject of strong criticism since launching its QE2 program in November.

Fed Chairman Ben Bernanke suggested it was a way to lower interest rates and unemployment.

Since November, however, yields on treasuries have risen by nearly a percentage point.

Asked the reason for the increase in yields, 62 percent of the survey respondents said the main reason was a stronger growth outlook.

Their next choice was a worsening outlook for the deficit, likely the result of the recent tax compromise in Washington, followed by a rise in the inflation forecast.

"The economy is strengthening and the extension of the Bush tax cuts for all taxpayers is playing a more important role in boosting growth expectations than QE2 is," says RDQ Economics chief economist John Ryding.

Overall, 71 percent believe the Fed will follow through and purchase the entire $600 billion of Treasuries announced in November.

Twenty-one percent believe the Fed will do less than that amount, and 8 percent think the Fed will do more.

As for QE3, 42 percent of market participants think there is a chance the Fed will continue to increase the size of its portfolio after June 2011.

On average, those who believe in QE3 look for the Fed to add an additional $340 billion in purchases.

But Mark Zandi, Chief Economist at Moody's Analytics, disagrees, saying, "The passage of the tax cut deal significantly improves the economy's prospects in 2011 and reduces the need for any additional QE."

Add it all up, and 41 percent of survey participants give Fed Chairman Ben Bernanke a "B" grade and 27 percent give him an "A."

=============================================

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.

We Are Now On Google Maps!

St Louis Mortgage: Scan the below code with your smartphone for more details on the best home mortgage, commercial lending and financing and the best principal reduction program available.

 
To "read" the boxy black-and-white bar code above, you'll need a smartphone. If you need a reader APP, you can => Download a QR code APP reader here.

=============================================

ARE YOU UPSIDE DOWN ON YOUR HOME?
ARE YOU FACING FORECLOSURE?

What if you could substantially reduce your existing mortgage debt balance in as little as 90 days with one simple application or even get a reduced mortgage principal settlement due to common errors found in 85% of mortgages?

Principal Reduction Program: Watch These Shocking Mortgage Fraud Videos...

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.

Take action now in order to save your home. Waiting will not help. It will only make your situation worse. This book shown below will take you step-by-step on how to properly fix your mortgage.

Visit our principal reduction and loan reduction website for your FREE loan audit and loan review today!

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.

Permalink | Leave a comment  »

]]>
http://files.posterous.com/user_profile_pics/873976/floyd-tapia.JPG http://posterous.com/users/ZyBTI1EOM4p Floyd Tapia stlouismortgage Floyd Tapia