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

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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

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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
St Louis Home Mortgage and Commercial Loans | Principal Reduction Program
877-334-0210 or 314-334-0210 | Floyd Tapia, Commercial Lending and Loan Compliance Advocate

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

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

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

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

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

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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

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

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St Louis Mortgage and Real Estate News –

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

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

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

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St Louis Commercial Mortgage and Loans: Mortgage Industry Recovery At Least A Year Away

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St Louis Mortgage and Real Estate News –

St Louis Mortgage Refinancing and Principal Loan Reduction News: Housing Recovery May Be A Year Away?
St Louis Home Mortgage and Commercial Loans | Principal Reduction Program
877-334-0210 or 314-334-0210 | Floyd Tapia, Commercial Lending and Loan Modification Advocate

 According to Bank of America Merrill Lynch (BOAML) strategists, the hoped for recovery for home prices appears to be still more than a year away and most St Louis mortgage brokers agree.

"Currently, our view is toward the

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St Louis Mortgage Refinancing and Home Loan Mortgage: Shadow Inventory Pushes Foreclosures

St Louis Mortgage and Real Estate News –

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

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

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

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St Louis Mortgage Refinancing and Home Loan Mortgage: Higher Credit Card Rates

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St Louis Mortgage and Real Estate News –

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

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

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

That's because while the CARD Act helped

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St Louis Home Mortgage, Loans and Refinancing: Foreclosures Spreading

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St Louis Mortgage and Real Estate News –

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

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

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

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

In second highest foreclosure market,

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Local Consumers Say St Louis Paper Coupons May Be Dead Like The Yellow Pages

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

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

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

Simply visit a Web site, type in codes, and you will find all the

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