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

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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

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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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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  

 

Permalink | Leave a comment  »

]]>
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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

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Wed, 15 Jun 2011 07:41:00 -0700 St Louis Loan and Mortgage Refinancing: One In Seven On Food Stamps http://stlouismortgage.posterous.com/st-louis-loan-and-mortgage-refinancing-one-in http://stlouismortgage.posterous.com/st-louis-loan-and-mortgage-refinancing-one-in

Commercial Lending and Commercial Lenders 877-334-0210

St Louis Mortgage and Real Estate News –

St Louis Mortgage Lending and Loan Reduction News: 1 In 7 Using and Benefiting from Food Stamps
St Louis Home Mortgage and Commercial Loans | Principal Reduction Program
877-334-0210 or 314-334-0210 | Floyd Tapia, Commercial Lending and Loan Compliance Consultant

The number of food stamp recipients increased 16 percent over last year.

This means that 14 percent of the population is now living on food stamps which equates to approximately 43 million people, or about one out of every seven Americans.

In some states, like Mississippi, New

Mexico, Oregon and Tennessee, one in five people are receiving food stamps.

The nation's capitol, Washington, D.C. leads the country, with 21.5 percent of the population on food stamps.

But it's not just the nation's stubbornly high unemployment rate of 9.8 percent that's driving the increase in food stamp use.

Some states are expanding their definitions of poverty to include more people.

At the same time, the 2009 American Recovery and Reinvestment Act boosted annual funding to the nationwide food stamp program, known as the Supplemental Nutrition Assistance Program, by $10 billion.

The average recipient receives $133 in food stamps per month, according to the U.S. Department of Agriculture.

That amount varies from state to state. For example, in Hawaii the average is $216, while it's $116 in Wisconsin.

But the Recovery Act funding increased the maximum food stamp benefit by 13.6 percent, which translates to about $20-24 dollars per person per month.

The U.S. government considers food stamps to be effective stimulus for the economy, because the recipients usually spend them right away.

Idaho saw the biggest increase in its food stamp program, with a spike of 39 percent compared to last year, followed by Nevada, at 29 percent, and New Jersey, at 27 percent.

The government is also beefing up unemployment benefits.

The unemployed will get a 13-month extension to file for additional unemployment benefits, which can last as long as 99 weeks in states hit hardest by job loss.

As the job market continues to dog the economy, the increase in food stamp funding is set to remain in place for nearly three years.

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

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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Tue, 14 Jun 2011 06:01:00 -0700 St Louis Mortgage Lending and Refinance: Is HAMP Another Failure http://stlouismortgage.posterous.com/st-louis-mortgage-lending-and-refinance-is-ha http://stlouismortgage.posterous.com/st-louis-mortgage-lending-and-refinance-is-ha

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St Louis Mortgage and Real Estate News –

St Louis Lending and Loan Audit News: HAMP Is A Single Failure According To Institutional Experts
St Louis Home Mortgage and Commercial Mortgage Loans | Principal Loan Reduction Program
877-334-0210 or 314-334-0210 | Floyd Tapia, Commercial Lending and Loan Modification Consultant

Since mid-December of 2010, the Home Affordable Modification Program (HAMP) had processed approximately 520,000 permanent loan modifications.

The panel estimated that by the time the program is finished, it will have prevented only 700,000 foreclosures over all which is quite a contrast to the three million to

four million loan modifications that the Treasury anticipated when it rolled out its plan.

Experts are now saying that up to 13 million foreclosures are expected to occur by 2012.

Tim Massad, acting assistant Treasury secretary for financial stability, attributed the program’s results to three things: “The eligibility pool is smaller than we originally thought, and it has been much more difficult to contact borrowers,” he said.

He continues: “Third, the banks have not executed these programs very well.”

Kurt Eggert, a professor at Chapman University School of Law in Orange, California, said: “I think it’s clear that while HAMP was well-intentioned, it hasn’t delivered nearly enough. I think a big part of the problem is that nobody is effectively holding servicers’ feet to the fire to say, ‘Where are the loan mods that you should be delivering that help both borrowers and investors?’”

Most loan modification programs, if they can be wrangled out of lenders at all, reduce the interest rate only slightly and tack onto the mortgage all the late fees, legal fees and other questionable costs that have accrued in the foreclosure stop process.

This in the long run simply adds to the debt that borrowers must repay.

“While focusing on the safety and soundness of banking institutions, regulators have focused too little on protecting borrowers from abusive practices,” says Mr. Eggert, a law professor.

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

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
Mon, 13 Jun 2011 06:46:00 -0700 Principal Loan Reduction: Law Designed To Protect Consumers And Their Homes Backfires http://stlouismortgage.posterous.com/principal-loan-reduction-law-designed-to-prot http://stlouismortgage.posterous.com/principal-loan-reduction-law-designed-to-prot

Commercial Lending and Commercial Lenders 877-334-0210

St Louis Mortgage and Real Estate News –

St Louis Mortgage Lending and Loan Reduction News: California Loan Modification Law Backfires On Homeowners While Helping Banks St Louis Home Mortgage and Commercial Loans | Principal Reduction Program
877-334-0210 or 314-334-0210 | Floyd Tapia, Commercial Loan Modification and Refinance

It seems there is no stop to how banks have surprisingly prospered monetarily through this horrible mortgage crisis.

Let's start with the exorbitant bailouts they received and kept and move forward to the blind assistance of the new idiotic law in place in California.

Sad to say, more and more lawyers throughout California say they have no choice but to reject clients looking for representation in mortgage loan modification cases because

of this new state law that sharply restricts how they can be paid.

Under the measure, passed overwhelmingly by the State Legislature and backed by the state bar association who in essence tied their own members' hands, lawyers and loan compliance consultants who work on loan modifications cannot receive any money until the work is complete.

The bar association says that under the (misguided) law, clients cannot even put retainers in trust accounts.

The law, which has few parallels in other states, was devised to eliminate swindlers in which modification firms made promises about what their lawyers could do, charged hefty fees and then disappeared.

But foreclosure specialists say there has been an unintended consequence and that is the honest lawyers and loan mod companies can no longer afford to assist people who feel helpless on account of lenders that they see as elusive, unyielding and skilled at losing paperwork.

The revelations three months ago that large banks were sloppy and negligent in preparing foreclosure documents underscore just how important it is for distressed homeowners to have legal representation, lawyers and consumer advocates are saying.

Homeowners whose cases were handled improperly have little way of knowing how bad their situation actually is.

Even if they were to find out, they would be hard-pressed to challenge a lender without utilizing a knowledgeable lawyer.

“Consumers just don’t know what is going on,” said Walter Hackett, a former banker who is now a lawyer for a nonprofit service in Riverside.

He continues: “They get a piece of paper saying they are going to lose their homes and they freak out.”

The problem for lawyers is that even a simple loan modification, in which the loan is restructured so the borrower can afford the monthly payments, is a timely marathon, putting off their payday for months if not years.

If the bank refuses to come to terms, the client may have to file for bankruptcy in which case the lawyer will never be paid. This is clearly unfair.

Many experts are saying that the banks were also quietly behind this legal maneuver in California as they do not want to have to deal with legal experts as they try to help these confused homeowners.

This unfortunate backlash and legal snafu has now given most banks (a.k.a institutional swindlers as some would say) "carte blanche" as in full powers in doing whatever they feel is advantageous for themselves and clearly not for the poor homeowner.

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

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
Fri, 10 Jun 2011 06:49:00 -0700 Loan Reduction and St Louis Loans: Foreclosures Down Due to Robo-Signing http://stlouismortgage.posterous.com/loan-reduction-and-st-louis-loans-foreclosure http://stlouismortgage.posterous.com/loan-reduction-and-st-louis-loans-foreclosure

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

St Louis Mortgage and Real Estate News –

St Louis Finance and Loan Audit News: Ironically, Robo-Signing Seems To Be Driving Foreclosures Down A Bit
St Louis Home Mortgage and Commercial Loans | Principal Reduction Program
877-334-0210 or 314-334-0210 | Floyd Tapia, St Louis Loan Modification
 

The number of consumers who have actually lost their homes to bank repossessions dropped even more steeply to 67,428.

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

Repossessions are down approximately a third since September 2010.

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

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

The robo-signing moratoriums were

responsible for the lion's share of the decrease in November 2010 filings, said Rick Sharga, spokesman for RealtyTrac.

"I wish the report was actually good news," he said. "But it's just an artificial drop. For most borrowers in foreclosure, it will be a temporary reprieve."

As evidence, Sharga pointed out that in judicial foreclosure states, ones where courts are involved and where banks are most vulnerable to scrutiny over their foreclosure practices.

In these instances, filings dropped substantially more than in states where courts do not usually participate in foreclosure actions.

There were 34 percent fewer auctions scheduled in judicial states, month-over-month, compared with a 7 percent decline in non-judicial states.

"Even that small drop was probably driven by an excess of caution among the banks," Sharga said.

The temporary freezes likely won't benefit many homeowners, he added: "Most will still lose their homes."

He continues: "There will probably be a few people who will use the extra time to negotiate loan modifications or do a short sale."

The industry has dubbed the four leading foreclosure states of the past few years, Arizona, California, Florida, and Nevada, as the "sand states" because they all have extensive areas of beaches or desert.

Now, a fifth sand state has joined their ranks. Utah recorded one filing for every 222 housing units during the month, second only to Nevada (one for every 99).

California (one for every 233), Arizona (one for every 262) and Florida (one for every 267) round out the top five.

Among the nation's metro areas, Las Vegas, Nevada leads the pack.

Seven interior California cities are in the top ten, plus Reno, Nevada, is at number eight and Port St. Lucie, Florida, is at number ten.

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

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
Thu, 09 Jun 2011 06:18:00 -0700 Principal Loan Reduction and St Louis Mortgage Lending: Consumers Still Wanting To Buy Homes http://stlouismortgage.posterous.com/principal-loan-reduction-and-st-louis-mortgag http://stlouismortgage.posterous.com/principal-loan-reduction-and-st-louis-mortgag

Commercial Lending and Commercial Lenders 877-334-0210

St Louis Mortgage and Real Estate News –

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

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

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

willingness to buy a home and an additional 27 percent said it actually made them more likely to do so.

The report, the first close analysis Fannie has taken of consumer attitudes about the rent-or-own decision, found that qualitative reasons such as having the ability to remodel or to send the kids to a better school has overtaken financial considerations as the primary motivators for homeownership.

Although trillions of dollars of equity were wiped out by the housing bust and millions of people will lose homes to foreclosure, nearly two-thirds of people surveyed believe purchasing a house is a safe investment.

More than half the public also thought buying a home was a good idea financially even if they plan to move out in less than three years.

Further, a huge majority, 86 percent of those surveyed, cite income-tax benefits especially the mortgage interest deduction is a big reason to buy.

Fannie found that no matter what their ethnicity or immigration status, Americans generally share similar positive attitudes toward homeownership, even though there are substantial differences among these groups in homeownership rates.

It seems that economic opportunities, not attitudes, account for much of the variation.

Only 44 percent of African Americans own homes, for instance, compared with 71 percent of whites, but that disparity starts to vanish among families in stronger financial circumstances.

African Americans' homeownership rises to 60 percent for those earning between $50,000 and $99,000, for example.

The survey findings have implications for Fannie's business model.

Non-Hispanic whites are projected to account for just 46 percent of the population by 2050.

Immigration will account for most of the population growth between now and then.

And since, as the report stated, "strong homeownership aspirations exist across races, ethnicities and immigrant groups," Fannie can count on future demand for owner-occupied homes remaining strong, as long as the economy cooperates.

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

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.

This book will help you immensely in clarifying what to do and when to do it so that you are successful in this endeavor. Only then can you make the best decision. Click on the book. Read this book.

 60 Minute Loan Modification Programs
This "do-it-yourself" 60 Minute Loan Modification Program has literally saved the homes of thousands of consumers. This is what all homeowners need to help them smoothly proceed through this legal and complicated process.

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
Tue, 07 Jun 2011 07:47:00 -0700 St Louis Home Loans and Mortgage Lending: Home Values Still Down http://stlouismortgage.posterous.com/st-louis-home-loans-and-mortgage-lending-home http://stlouismortgage.posterous.com/st-louis-home-loans-and-mortgage-lending-home

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St Louis Mortgage and Real Estate News –

St Louis Finance and Loan Reduction News: Home Values Fall $9 Trillion Since 2006
St Louis Home Mortgage and Commercial Loans | Principal Reduction Program
877-334-0210 or 314-334-0210 | Floyd Tapia, St Louis Loan Modification
 

The U.S. housing market has taken a hard hit value wise. American homes were worth about $1.7 trillion less in 2010 than they were worth in 2009, according to a report released by real estate website Zillow.

Last year's drop in home values is 63 percent larger than the $1 trillion dip in 2009, and brings the total

value lost since the housing market's peak in 2006 to a whopping $9 trillion.

While the home buyer tax credit helped revitalize the housing market in the second half of 2009 and the first half of 2010, home values continued their slide in the second half of the year.

Almost $700 billion in value was lost in the first half of the year, compared to Zillow's estimates of $1 trillion in the second half of 2010.

Only 24 percent of the 129 markets Zillow tracked increased in total home value this year.

Home values increased $10.8 billion in the Boston metropolitan statistical area (MSA), and $10.2 billion in San Diego (MSA).

The areas suffering the biggest drops in home prices include New York City, which lost $103.7 billion in value and Los Angeles, where home values fell $38.6 billion.

The steep declines in home values are pushing Americans further underwater with growing negative equity every year.

In the third quarter of 2010, 23.2 percent of single family homeowners with mortgages owed more on their mortgage than their home was worth which was up from 21.8 percent in 2009.

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

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.

This book will help you immensely in clarifying what to do and when to do it so that you are successful in this endeavor. Only then can you make the best decision. Click on the book. Read this book.

 60 Minute Loan Modification Programs
This "do-it-yourself" 60 Minute Loan Modification Program has literally saved the homes of thousands of consumers. This is what all homeowners need to help them smoothly proceed through this legal and complicated process.

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
Mon, 06 Jun 2011 05:37:00 -0700 St Louis Commercial Financing and Small Business Loans: Commercial Mortgage Real Estate Down http://stlouismortgage.posterous.com/st-louis-commercial-financing-and-small-busin http://stlouismortgage.posterous.com/st-louis-commercial-financing-and-small-busin

Commercial Lending and Commercial Lenders 877-334-0210

St Louis Mortgage and Real Estate News –

St Louis Loan Reduction and Finance Lending News: NAR Reports Commercial Mortgage Real Estate Flattening
St Louis Home Mortgage and Commercial Loans | Principal Reduction Program
877-334-0210 or 314-334-0210 | Floyd Tapia, St Louis Loan Modification

The Society of Industrial and Office Realtors, in its (SIOR) Commercial Real Estate Index, an attitudinal survey of more than 400 local market experts, shows vacancy rates are slowly improving, but rents continue to be soft with elevated levels of subleasing space on the market.

The SIOR index, measuring the impact

of 10 variables, rose 1.6 percentage points to 42.6 in the third quarter, but remains well below a level of 100 that represents a balanced marketplace.

This is the fourth straight quarterly improvement following almost three years of decline.

The last time the commercial market was in equilibrium at the 100 level was in the third quarter of 2007; the index now matches where it was at the beginning of 2009.

Fifty-nine percent of respondents expect improvements in the office and industrial sectors in the current quarter.

Commercial real estate development continues at stagnant levels with little investment activity, but is beginning to pick up in many parts of the country.

Office Markets: Vacancy rates in the office sector, where a large volume of sublease space remains on the market, are forecast to decline from 16.7 percent in the current quarter to 16.4 percent in the fourth quarter of 2011, but with very little change during in the first half of the year.

Industrial Markets: Industrial vacancy rates are projected to decline from 13.9 percent currently to 13.2 percent in the closing quarter of 2011.

Retail Markets: Retail vacancy rates are expected to change little, declining from 13.1 percent in the fourth quarter of this year to 13.0 percent in the fourth quarter of 2011.

Multifamily Markets: The apartment rental market - multifamily housing - is expected to get a boost from growth in household formation. Multifamily vacancy rates are forecast to decline from 6.4 percent in the current quarter to 5.8 percent in the fourth quarter of 2011.

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

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.

This book will help you immensely in clarifying what to do and when to do it so that you are successful in this endeavor. Only then can you make the best decision. Click on the book. Read this book.

 60 Minute Loan Modification Programs
This "do-it-yourself" 60 Minute Loan Modification Program has literally saved the homes of thousands of consumers. This is what all homeowners need to help them smoothly proceed through this legal and complicated process.

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
Sun, 05 Jun 2011 07:59:00 -0700 St Louis Mortgage Lending and Mortgage Refinancing: Economy Is Hurting By Tighter Credit Requirements http://stlouismortgage.posterous.com/st-louis-mortgage-lending-and-mortgage-refina http://stlouismortgage.posterous.com/st-louis-mortgage-lending-and-mortgage-refina

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St Louis Mortgage and Real Estate News –

St Louis Refinance and Loan Reduction News: Tightening Credit May Stall Housing In 2011
St Louis Home Mortgage and Commercial Loans | Principal Reduction Program
877-334-0210 or 314-334-0210 | Floyd Tapia, Commercial Loan Modification
 

Both mortgage professionals and leading economists are worried that the housing sector may be heading into another downdraft as mortgage lenders continue to tighten already restrictive lending standards.

Such a scenario seemed less likely earlier in 2010, when home-buyer tax credits helped

fuel a surge in sales.

But when that program ended, sales plunged in the second half of 2010.

New and existing home sales were down by more than 25 percent in October 2009.

The U.S. has normally relied on an expanding housing market to help lift the economy as it exits a recession by fueling manufacturing, consumer spending and job growth.

In the first year of all postwar recoveries, residential investment has accounted for nearly one percentage point of gross-domestic-product growth, says Doug Duncan, chief economist at Fannie Mae.

But today, it has accounted for around 0.1 percentage point of GDP growth.

Given the huge amounts of foreclosures that will continue to hit the market for at least a couple of more years, "at a time when you need more borrowers, you actually have less," says Laurie Goodman, senior managing director at Amherst Securities Group LP.

Lenders clamped down on the lax standards that fueled the housing bubble three years ago by requiring larger down payments, higher credit scores and greater documentation of borrowers' incomes and assets.

Economists say lending standards typically ease at this point in the business cycle as banks look for new business.

But sad to say that isn't happening at this point and time because private lenders have ceded the market to government entities Fannie Mae, Freddie Mac and the Federal Housing Administration (FHA).

Those agencies, saddled with enormous losses, are under heavy political pressure to avoid taking any new risks.

"The general feeling is, 'Let them be as tough as they want,' " says Guy Cecala, publisher of Inside Mortgage Finance.

During the third quarter of 2010, 13 percent of bank loan officers surveyed by the Federal Reserve reported that standards had grown tighter, while fewer than 4 percent said standards had loosened.

Banks have become more restrictive in part because Fannie and Freddie are stepping up demands for banks to buy back defaulted loans when they can prove that the mortgage didn't meet underwriting guidelines which is an expensive proposition for banks.

"Originators are scared to death. We are being intensely cautious because we understand that the franchise could be on the line," says Mr. Walters.

He says tightening could continue "for at least a year, maybe longer."

Loan officers say one of the biggest problems right now is a requirement that borrowers prove their incomes by relying on at least two years of tax returns.

That often trips up self-employed workers and small-business owners who take deductions that shrink their taxable income.

It could also sink borrowers who were unemployed for a short time or had a recent salary reduction.

The consequence is that lending is bifurcating into two worlds.

Salaried workers who can easily document their earnings are able to qualify for mortgages with down payments as low as 3.5 percent through the FHA programs.

Self-employed borrowers are having a harder time even if they have assets stashed away.

Ivy Zelman, chief executive of housing research firm Zelman & Associates, says there are reasonable concerns that the government has provided "too much liquidity" in some markets through the FHA.

But she says it's also the case that originators aren't always taking a careful look at an individual's ability to repay a loan, "and that could be preventing some truly good borrowers from getting loans."

Another worry is that the industry has also come to rely too heavily on credit-score cutoffs, something loan officers say can inhibit common sense underwriting.

While the FHA has a minimum credit score for low-down-payment loans of 580, many banks won't sponsor loans with credit scores below 640 which clearly does not help increase housing sales.

Average credit scores for borrowers with FHA-backed loans surpassed 700 in October 2010 for the first time on record.

No one wants a rerun of the past five years, when carelessness in underwriting fueled a painful explosion in mortgage liquidity.

But the inverse carries its own dangers today: By imposing rigid standards that shut out qualified borrowers, banks and the government risk making it harder for the housing market to dig out of its deep hole.

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

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.

This book will help you immensely in clarifying what to do and when to do it so that you are successful in this endeavor. Only then can you make the best decision. Click on the book. Read this book.

 60 Minute Loan Modification Programs
This "do-it-yourself" 60 Minute Loan Modification Program has literally saved the homes of thousands of consumers. This is what all homeowners need to help them smoothly proceed through this legal and complicated process.

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
Thu, 02 Jun 2011 19:58:00 -0700 Loan Reduction and St Louis Mortgage Refinancing: 1.5 Million Loan Modifications http://stlouismortgage.posterous.com/loan-reduction-and-st-louis-mortgage-refinanc http://stlouismortgage.posterous.com/loan-reduction-and-st-louis-mortgage-refinanc

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St Louis Mortgage and Real Estate News –

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

Hope Now, a private sector mortgage alliance, said the mortgage industry has completed more than 1.53 million permanent loan modifications for homeowners from January through October, as St. Louis foreclosure suspensions affected foreclosure sales and starts.

For October, mortgage servicers

completed about 101,000 proprietary loan modifications and 24,000 Home Affordable Modification Program, or HAMP, modifications for an estimated total of 125,000.

"There were anomalies in the October data that affected 60-day plus delinquency, as well as foreclosure, metrics which we believe may be largely attributed to widespread foreclosure delays across the country," said Faith Schwartz, executive director of Hope Now.

Several large mortgage servicers nationwide delayed foreclosures in light of the robo-signing controversy.

Hope Now said foreclosure starts dropped 16 percent to 205,000 and sales were down more than 41 percent 69,000, respectively while the number of homeowners more than 60 days delinquent increased slightly to 3.4 million. Here are the highlights:

- Proprietary loan modification programs decreased by 117,000 in September compared to 101,000 in October.
- 60-plus days delinquencies increased to 3.4 million in October compared to 3.2 million in September.
- Foreclosure starts decreased from 245,000 in September to 205,000 in October.
- Completed foreclosure sales decreased from 118,000 in September to 69,000 in October.
- Loan modifications outpaced foreclosure sales in October 125,000 to 69,000.

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

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.

This book will help you immensely in clarifying what to do and when to do it so that you are successful in this endeavor. Only then can you make the best decision. Click on the book. Read this book.

 60 Minute Loan Modification Programs
This "do-it-yourself" 60 Minute Loan Modification Program has literally saved the homes of thousands of consumers. This is what all homeowners need to help them smoothly proceed through this legal and complicated process.

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
Sun, 29 May 2011 13:18:00 -0700 St Louis Commercial Financing: Commercial Delinquencies Mixed http://stlouismortgage.posterous.com/st-louis-commercial-financing-commercial-deli http://stlouismortgage.posterous.com/st-louis-commercial-financing-commercial-deli

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

St Louis Mortgage and Real Estate News –

St. Louis Commercial Mortgage and Loan Reduction News: MBA Reports Commercial and Multifamily Delinquencies Mixed
St Louis Home Mortgage and Commercial Loans | Principal Reduction Program
877-334-0210 or 314-334-0210 | Floyd Tapia, Loan Modification
 

Delinquency rates for different commercial/multifamily mortgage investor groups were mixed in the third quarter, according to the Mortgage Bankers Association's (MBA) Commercial/Multifamily Delinquency Report.

The commercial delinquency rate for loans held in CMBS is the highest since the series began in 1997.

Delinquency rates for other groups

remain below levels seen in the early 1990's, some by large margins.

Between the second quarter and third quarter of 2010, the 90+ day delinquency rate on loans held by FDIC-insured banks and thrifts increased 0.15 percentage points to 4.41 percent.

The 30+ day delinquency rate on loans held in commercial mortgage-backed securities (CMBS) rose 0.36 percentage points to 8.58 percent.

The 60+ day delinquency rate on loans held in life company portfolios decreased 0.07 percentage points to 0.22 percent.

The 60+ day delinquency rate on multifamily loans held or insured by Fannie Mae decreased 0.15 percentage points to 0.65 percent.

The 60+ day delinquency rate on multifamily loans held or insured by Freddie Mac increased 0.07 percentage points to 0.35 percent.

The third quarter 2010 delinquency rate for commercial and multifamily mortgages held by banks and thrifts was 2.17 percentage points lower than the series high (of 6.58 percent reached in the second quarter of 1991).

The rate for loans held in CMBS was a record high for the series.

Delinquency rates for commercial and multifamily mortgages held in life insurance company portfolios was 7.15 percentage points lower than the series high (of 7.37 percent reached during the third quarter of 1993); the rate for multifamily loans held by Fannie Mae rate was 2.97 percentage points below the series high of 3.62 percent (reached during the fourth quarter of 1991); and the rate for multifamily loans held by Freddie Mac was 6.46 percentage points lower than the series high (of 6.81 percent reached in 1992). Based on the unpaid principal balance of loans (UPB), delinquency rates for each group at the end of the third quarter were as follows:

- Banks and thrifts: 4.41 percent (90 or more days delinquent or in non-accrual).
- CMBS: 8.58 percent (30+ days delinquent or in REO);
- Life company portfolios: 0.22 percent (60+days delinquent);
- Fannie Mae: 0.65 percent (60 or more days delinquent);
- Freddie Mac: 0.35 percent (60 or more days delinquent).

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

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. This book will help you immensely in clarifying what to do and when to do it so that you are successful in this endeavor. Only then can you make the best decision. Click on the book. Read this book.

 60 Minute Loan Modification Programs
This "do-it-yourself" 60 Minute Loan Modification Program has literally saved the homes of thousands of consumers. This is what all homeowners need to help them smoothly proceed through this legal and complicated process.

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
Sun, 22 May 2011 07:51:00 -0700 St Louis Home Loan Mortgage: 2011 Is Still Looking Dismal http://stlouismortgage.posterous.com/st-louis-home-loan-mortgage-2011-is-still-loo http://stlouismortgage.posterous.com/st-louis-home-loan-mortgage-2011-is-still-loo

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St Louis Mortgage and Real Estate News –

St Louis Finance Lending and Loan Reduction News: Orszag Says 2011 May Be Looking Worse Than Originally Expected
St Louis Home Mortgage and Commercial Loans | Principal Reduction Program
877-334-0210 or 314-334-0210 | Floyd Tapia, Commercial Mortgage Loan Modification

Several months ago, Peter Orszag, Obama's former director of the Office of Management and Budget, offered his views to the media in a conference call entitled: "Out with the Rhetoric and In With the Facts on the Budget."

The tectonic shifts in the financial sector, housing market, and subsequent (and ongoing) consumer de-leveraging pose drastically difficult obstacles for the Federal Reserve.

Orszag noted that, unlike slowdowns that are associated with monetary policy being tweaked in

order to address inflation concerns, downturns triggered by the financial sector tend to take result in longer and more sluggish recoveries.

A recent study by Reinhart and Reinhart of roughly 30 similar instances of economic downturns triggered by difficulty in the financial sector suggests the following: that the average unemployment rate in the decade following such crises is 5 percent higher than immediately pre-crisis, that housing prices are 15-20 percent lower over the entire subsequent decade versus pre-crisis levels, and that government debt as a percentage of GDP is 90 percent higher than the pre-crisis level.

The increase in debt, according to Orszag, reflects the downturn itself and the policy measures that are taken to offset it. So what does the next 12-to 24 months look like?

First the positives:

1. Real exports are growing quite rapidly (aided by the weakened U.S. Dollar).

2. Investment in equipment and software has been growing nicely and firms are making significant investments in short-term assets. The problem on the investment side is in the long-term -- assets with longer depreciation schedules are seeing a historically low share of investment allocation.

3. Corporate profits have improved. They were 12 percent of GDP in 2006 and 2007, falling to 9 percent in 2009 and are now back up to 11 percent of GDP on 2010. The difference between 9 percent and 11 percent represents $300 billion in GDP, so it's significant step up.

One caveat pertaining to point number 3 is that the surge in corporate profits is not resulting in significant hiring or long-term investments. Rather the profits are being retained as liquid assets.

The psychological impact of the Great Recession is clearly impacting the behavior of both the consumer and corporate America.

The effectiveness, or lack thereof, of the Federal Reserve's actions is leaving a huge question mark over the economic outlook.

Now the negatives: (The factors that supported growth in late 2009 and 2010 will become significant headwinds in 2011.)

1. The inventory cycle is going the wrong way in the first part of 2011; moving to net-neutrality towards impact on GDP growth. As a side note, Orszag noted that the sequential improvement in GDP in the third quarter was unintentional as some firms were caught out by the slump in demand during the summer and unintentionally built up inventories. That trend, Orszag expects, will reverse itself in the fourth quarter and the early part of 2011.

2. The Recovery Act, despite the controversy, added 2 percent or more to GDP in the first half of 2010. By design, the act called for all the money to be "out the door" by the end of September. Going forward, the cost of the Recovery Act will be net neutral and eventually in terms of cash flow will be a net negative to GDP growth.

3. The final factor is state and local deficits, which are projected to be $100 to $150 billion a year for the next two tears. Going forward, a much smaller share of them will be offset by federal subsidies, therefore a much larger share of the deficits will need to be reduced through tax increases and spending cuts at the state and local level.

Taking points two and three together added a net 2 percent to GDP in first half of 2010 and will be a negative 2 percent to growth in the first half of 2011.

If you then add the positive inventory cycle of 3.4 percent in the first half of 2010, you get the total contribution to GDP growth from the three factors of 5.4 percent during the first half of the year.

Depending on your view of the inventory cycle, we are looking at a potential year-over-year swing in GDP in the first half of 2011 of around 5.4 percent, which becomes a headwind in the next 12 to 24 months.

At best, we are looking at 0-2 percent GDP growth for the next 12-24 months.

What does all this mean for the consumer and the unemployment rate?

Under a good scenario, it's going to be a hard slog of 1-2 percent GDP growth, which will prove to be inadequate to reduce the unemployment rate.

Here's Orszag's rule of thumb on this: Take whatever the GDP growth rate is, subtract 2.5 percent, and divide by two to get to the percentage change in unemployment.

So, to get a 1 percent reduction in the unemployment rate you need GDP growth of 4.5 percent for one year (4.5 minus 2.5 divided by 2).

Given the GDP headwinds outlined on the call, it seems unlikely that the unemployment rate will improve meaningfully any time soon.

This is particularly problematic for U.S. corporations levered to domestic demand.

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

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 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.

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

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. 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. This book will help you immensely in clarifying what to do and when to do it so that you are successful in this endeavor. Only then can you make the best decision. Click on the book. Read this book. 60 Minute Loan Modification Programs
This "do-it-yourself" 60 Minute Loan Modification Program has literally saved the homes of thousands of consumers. This is what all homeowners need to help them smoothly proceed through this legal and complicated process.

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
Fri, 20 May 2011 08:32:00 -0700 St Louis Loan and Refinancing: Home Improvement Returns Low http://stlouismortgage.posterous.com/st-louis-loan-and-refinancing-home-improvemen http://stlouismortgage.posterous.com/st-louis-loan-and-refinancing-home-improvemen

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St Louis Mortgage and Real Estate News –

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

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

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

back in return when they sell.

The cost vs. value equation has been getting less attractive for years, but 2010 has seen a particular decline in the percentage of home improvement costs recouped.

Only 60 percent of remodeling costs in 2010 would be recouped by homeowners, the report said.

Exterior improvements mostly performed better than interior ones, owing to the necessity of maintaining a home's "curb appeal."

On the average remodeling job, homeowners recouped 16 percent less value than they had in 2009, the steepest slide the survey has recorded in its nine-year history.

This happened despite the fact that construction costs declined for the first time since 2004.

Adding a new mid-range bath, for example, returned nearly 100 percent of its approximately $15,000 cost back in 2003.

Today, the same job costs more than $40,000 and only returns about half its cost.

The lowest return of any job was for a mid-range home office renovation, which cost an average of $28,888 and added $13,235, just 45.8 percent.

Low cost exterior improvements do well. An exterior steel door replacement return 102 percent of its $1,218 cost and new garage doors recoup 84 percent of theirs.

Two jobs tied for the best return on any mid-range remodeling investment costing more than $10,000.

Adding a wood deck or doing a minor kitchen remodeling, which involves replacing cabinet doors and counters, buying new appliances, sinks and faucets and repainting walls and trim both recouped 72.8 percent of their costs.

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

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 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.

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

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. 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. This book will help you immensely in clarifying what to do and when to do it so that you are successful in this endeavor. Only then can you make the best decision. Click on the book. Read this book. 60 Minute Loan Modification Programs
This "do-it-yourself" 60 Minute Loan Modification Program has literally saved the homes of thousands of consumers. This is what all homeowners need to help them smoothly proceed through this legal and complicated process.

Permalink | Leave a comment  »

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Fri, 20 May 2011 07:34:00 -0700 St Louis Mortgage and Commercial Loan Modification: Lawsuits Increase http://stlouismortgage.posterous.com/st-louis-mortgage-and-commercial-loan-modific http://stlouismortgage.posterous.com/st-louis-mortgage-and-commercial-loan-modific

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St Louis Mortgage and Real Estate News –

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

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

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

All mentioned banks face lawsuits

from both borrowers and investors in mortgage-backed securities.

JPMorgan faces two possible class action lawsuits related to stopping foreclosures, the second largest U.S. bank said in a regulatory filing.

The suits allege "common law fraud and misrepresentation, as well as violations of state consumer fraud statutes," JPMorgan said in the Securities and Exchange Commission filing, without disclosing who filed them.

Ally Financial said it has been sued by hedge fund Cambridge Place Investment Management, which has ramped up a legal scrap with Wall Street to recoup money lost on subprime mortgages.

PNC Financial has been sued by the Federal Home Loan Bank of Chicago, alleging misrepresentations and omissions in connection with the sale of mortgage-backed securities.

Goldman Sachs is reviewing the practices of its Litton Loan Servicing unit and has temporarily suspended evictions and foreclosures in several states.

Furthermore,Bank of America, JPMorgan, and Ally's GMAC Mortgage followed suit by voluntarily imposing brief moratoriums on foreclosures to review their practices but have begun to resume evictions of delinquent borrowers.

United States attorneys general for all 50 states are jointly investigating whether banks failed to review documents properly or submitted false information to evict delinquent borrowers.

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

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 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.

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

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. 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. This book will help you immensely in clarifying what to do and when to do it so that you are successful in this endeavor. Only then can you make the best decision. Click on the book. Read this book. 60 Minute Loan Modification Programs
This "do-it-yourself" 60 Minute Loan Modification Program has literally saved the homes of thousands of consumers. This is what all homeowners need to help them smoothly proceed through this legal and complicated process.

Permalink | Leave a comment  »

]]>
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Mon, 16 May 2011 20:19:00 -0700 St Louis Commercial Loan Modification: Loan Modifications Caused Foreclosures http://stlouismortgage.posterous.com/st-louis-commercial-loan-modification-loan-mo http://stlouismortgage.posterous.com/st-louis-commercial-loan-modification-loan-mo

Commercial Lending and Commercial Lenders 877-334-0210

St Louis Mortgage and Real Estate News –

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

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

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

government's Home Affordable Modification Program (HAMP), in which banks agreed to participate as part of the bank bailout.

The lawsuits say the banks agreed under HAMP to grant permanent mortgage modifications to borrowers who make all payments during the initial trial modification periods.

Attorney Shennan Alexandra Kavanagh said several of the plaintiffs lost their homes after their payments reverted to their original sums that they were unable to pay.

She said she believes tens of thousands of borrowers in Massachusetts alone could be covered by the suits if they get class-action status.

One of the lawsuits, against Bank of America Corp., was consolidated earlier this month with similar complaints in five other states, Kavanagh said.

Bank of America spokeswoman Shirley Norton said in an e-mail that the lender will continue aggressively defending itself against the cases.

Joseph R. Mason, a professor at Louisiana State University's business school who has written widely on the subprime lending debacle, said he suspects the loan modification disputes are a legacy of the federal government's rush to stem the flow of foreclosures before it had adequate plans in place.

"These policymakers said, just go out and do this and don't let us worry about the details," he said.

Mason goes on to say that "these details are now what are coming to the fore in these loan modification cases."

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

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 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.

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

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. 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. This book will help you immensely in clarifying what to do and when to do it so that you are successful in this endeavor. Only then can you make the best decision. Click on the book. Read this book. 60 Minute Loan Modification Programs
This "do-it-yourself" 60 Minute Loan Modification Program has literally saved the homes of thousands of consumers. This is what all homeowners need to help them smoothly proceed through this legal and complicated process.

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