St Louis Home Mortgage Lending and Refinancing Loans: Delinquencies Drop

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St Louis Home Loan and Mortgage Refinancing News: National Delinquency Rate Drops
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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

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St Louis Home Loan and Mortgage: Foreclosures May Be Slowing

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St Louis Mortgage Lending and Home Loan News: Foreclosures Slow, But...
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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

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St Louis Mortgage and Home Mortgage Lending: New Homes Not Selling

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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

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St Louis Mortgage Refinancing and Loans: Bank Of America Accused Of Hiding Foreclosure Details

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St Louis Mortgage Lending and Home Loan News: Hacker Claims Bank of America Hid Mortgage Errors
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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

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St Louis Loans and Principal Loan Reduction: Housing Programs Hurt Economy

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St Louis Mortgage Refinancing and Loan Reduction News: Greenspan Says Stimulus and Housing Programs Hurt Recovery
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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

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St Louis Mortgage Lending and Refinancing Loan: Foreclosures And Short Sales Push Market

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

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

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

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

"It's like the post-holiday sales at

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St Louis Refinancing and Home Loan Mortgage: 1 In 4 Get Loan Modification

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St Louis Mortgage and Real Estate News –

St Louis Mortgage Refinancing and Mortgage Lending News: Only 1 In 4 Get Mortgage Relief
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877-334-0210 or 314-334-0210 | Floyd Tapia, Commercial Lending and Loan Compliance Advocate

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

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

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

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

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St Louis Lending and Mortgage Refinancing Loan: ARMs Are Definitely Back

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

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

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

Behind the comeback is a simple fact:

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St Louis Home Mortgage and Loan Reduction: US Postal Service Feeling The Crunch

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St Louis Finance and Refinancing Loan News: US Postal Service In Financial Trouble
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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

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St Louis Home Loan and Mortgage Lending: Fannie and Freddie Out

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

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

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

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