St Louis MO Real Estate Auctioneer

New figures released by the U.S. Treasury indicate that the government’s $700 billion Troubled Asset Relief Program (TARP) – used for the financial and auto industry bailouts, and to a much smaller extent, for a national foreclosure prevention program – will wind up costing taxpayers $105.4 billi...

Those who missed taking advantage of the first-time buyer tax credit but who are still planning the purchase of their first home, continue to have a wealth of opportunities in today’s marketplace. A few smart steps can save first-time buyers thousands of dollars. Here is a look at some of the way...

The commercial real estate market continues to be plagued with rising vacancy rates. But according to a recent report by the National Association of Realtors (NAR), vacancies should level out in most markets by the end of this year or early 2011.Lawrence Yun, NAR chief economist, said the multifa...

It’s hard to pinpoint just what brought the nation’s thriving residential real estate market to its knees. Everyone’s got an opinion, but trying to nail down the exact trigger in order to prevent a sequel is a difficult task. The Mortgage Bankers Association (MBA) is attempting to do just that.Ac...

According to the Q1 Homeowner Confidence Survey conducted by Seattle-based Zillow, 50 percent of homeowners nationwide believe their own home’s value declined in the past year. But in reality, 65 percent of U.S. homes have dropped in value in the last 12 months.This overconfidence brought Zillow’...

The percentage of home loans making their way through the foreclosure process jumped to a new record high during the first quarter of 2010, the Mortgage Bankers Association (MBA) reported Wednesday.Despite the industry’s, and the government’s, all-out attack on the nation’s foreclosure problem, M...

Liquidation and modification rates on Countrywide-serviced residential loans have edged higher in the past few months, with a larger percentage of mortgage restructurings encompassing principal forgiveness, according to a study just released by Barclays Capital.The research firm examined loans wi...

The housing recovery is just around the corner – at least that’s the consensus among a panel of 92 well-known industry economists and analysts.The Madison, New Jersey-based analytics firm MacroMarkets LLC, founded by Robert Shiller, real estate sage and father of the closely-watched Case-Shiller ...

Senators unanimously approved an amendment to the financial reform package that would exempt “qualified mortgages” from the 5 percent risk retention requirement on loans bundled and sold to investors as securities.The amendment, sponsored by Sens. Johnny Isakson (R-Georgia) and Mary Landrieu (D-L...

Prosecutors are investigating eight major banks to determine if they provided misleading information to credit ratings agencies in order to deceive investors about the quality of mortgage-backed securities (MBS) they were selling.New York Attorney General Andrew Cuomo has reportedly issued subpoe...