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 Home Mortgage and Loan: Federal Reserve Did Not Help Economy

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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

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St Louis Loan and Mortgage Refinancing: One In Seven On Food Stamps

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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

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St Louis Mortgage Lending and Refinance: Is HAMP Another Failure

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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

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Principal Loan Reduction: Law Designed To Protect Consumers And Their Homes Backfires

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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

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Loan Reduction and St Louis Loans: Foreclosures Down Due to Robo-Signing

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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

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St Louis Home Loans and Mortgage Lending: Home Values Still Down

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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

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St Louis Commercial Financing and Small Business Loans: Commercial Mortgage Real Estate Down

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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

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St Louis Mortgage Lending and Mortgage Refinancing: Economy Is Hurting By Tighter Credit Requirements

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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

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St Louis Commercial Financing: Commercial Delinquencies Mixed

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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

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