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

Commercial Lending and Commercial Lenders 877-334-0210

St Louis Mortgage and Real Estate News –

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

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

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

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

In second highest foreclosure market,

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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Articles and News Sponsored by Liberty Lending Consultants

When applying for any type of St Louis mortgage or refinancing, call Liberty Lending Consultants, the recognized St Louis home loan and refinancing experts, at (314) 336-9111 and ask for Steve Swan or Doug Stahlschmidt.

Business Owners: Call us at (314) 334-0210 and retain us for one of the best commercial loan modification and principal loan reduction programs available. A principal reduction or loan modification can help if you are underwater with negative equity. As commercial lending and loan modification program consultants, Floyd Tapia and his lending and legal team can focus on bringing you innovative private lending solutions to meet all types of financing needs. We have access to the largest portfolio of private lending institutions and investor backed funding sources available. Let us turn your challenges into closings (or from being underwater equity wise) and help you get a St Louis commercial lending, mortgage or financing loan.

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

We Are Now On Google Maps!

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

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

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

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

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

You can save your home or business and put a foreclosure stop on the process. A principal reduction or loan modification can also help if you are underwater with negative equity.

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

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

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

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

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

Commercial Lending and Commercial Lenders 877-334-0210

St Louis Mortgage and Real Estate News –

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

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

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

A similar percentage believes the

program will not help lower the unemployment rate.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Articles and News Sponsored by Liberty Lending Consultants

When applying for any type of St Louis mortgage or refinancing, call Liberty Lending Consultants, the recognized St Louis home loan and refinancing experts, at (314) 336-9111 and ask for Steve Swan or Doug Stahlschmidt.

Business Owners: Call us at (314) 334-0210 and retain us for one of the best commercial loan modification and principal loan reduction programs available. A principal reduction or loan modification can help if you are underwater with negative equity. As commercial lending and loan modification program consultants, Floyd Tapia and his lending and legal team can focus on bringing you innovative private lending solutions to meet all types of financing needs. We have access to the largest portfolio of private lending institutions and investor backed funding sources available. Let us turn your challenges into closings (or from being underwater equity wise) and help you get a St Louis commercial lending, mortgage or financing loan.

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

We Are Now On Google Maps!

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

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

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

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

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

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

You can save your home or business and put a foreclosure stop on the process. A principal reduction or loan modification can also help if you are underwater with negative equity.

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

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

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

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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.

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