paul roesch real estate broker auctioneer: Good News - Mortgage Rates Drop to Lowest Level of the Year - 05/28/10 02:08 AM
Mortgage interest rates have fallen to their lowest level of the year. Economists say homebuyers have the financial turmoil in Europe to thank for that, as overseas investors have put their dollars instead towards what they see as safer U.S. securities.The mortgage industry has been bracing for a rise in interest rates now that the Federal Reserve has ceased buying mortgage-backed securities. But with international money being poured into U.S. Treasury bonds, which are closely tied to rates for home loans, that rise has yet to come about – a definite plus for the residential real estate market here in the … (0 comments)

paul roesch real estate broker auctioneer: 5 Easy Do-It-Yourself Home Maintenance Projects - 05/23/10 03:50 AM
We are in the midst of National Home Improvement month. “One of the biggest mistakes homeowners make is letting small problems turn into big ones,” said Kathleen Kuhn, President of HouseMaster. “Home maintenance is crucial since a home is typically the largest investment an average person makes in their lifetime. Proper home maintenance can alleviate the need for large and often costly repairs.”The following tips that can all be completed for under $25 and can save homeowners thousands down the road.Be aware of termite damage. Homeowners who diligently check their property and foundation can alleviate serious termite problems. Before selling or … (0 comments)

paul roesch real estate broker auctioneer: Delinquencies Fall for the First Time in 12 Quarters - 05/11/10 03:57 AM
After steadily increasing for 12 consecutive quarters, the national mortgage loan delinquency rate—the ratio of borrowers 60 or more days past due on their mortgage—dipped down to 6.77 percent in the first quarter of this year, according to data released Monday by TransUnion.This statistic, which is traditionally seen as a precursor to foreclosure, reflects a 1.74 percent decline from the previous quarter’s 6.89 percent average. However, on a year-over-year basis, mortgage borrower delinquency was still up approximately 30 percent from 5.22 percent in the first quarter of 2009.TransUnion said delinquency rates in the first quarter continued to be the highest in … (0 comments)

paul roesch real estate broker auctioneer: Pending Home Sales Continue to Climb - 05/06/10 03:07 PM
In yet another sign of stabilization within the U.S. housing market, pending home sales continued the climb upward in March, the National Association of Realtors (NAR) reported Tuesday.NAR’s Pending Homes Sales Index (PHSI), a forward-looking indicator based on contracts signed in March, rose 5.3 percent from February and was 21.1 percent above March of last year. This increase follows an 8.3 percent jump in February and affirms that a surge of home sales is unfolding for the spring home buying season, NAR said.The month-to-month jump in pending sales surpassed analysts’ predictions. According to a Reuters poll, analysts were expecting pending home … (0 comments)

paul roesch real estate broker auctioneer: Freddie Mac Posts $6.7 Billion Loss in Q1 - 05/06/10 02:55 PM
Mortgage giant Freddie Mac lost $6.7 billion during the first three months of this year, which follows a $6.5 billion loss for Q4 2009.After adding in dividend payments of $1.3 billion on its senior preferred stock to Treasury, the McLean, Virginia-based company reported a net loss attributable to common stockholders of $8.0 billion, or $2.45 per diluted common share, for the first quarter of 2010.The quarterly results helped pushed the GSE’s net worth to negative $10.5 billion at March 31, 2010, compared to a positive net worth of $4.4 billion at the end of last year.With the GSE’s finances severely in … (0 comments)

paul roesch real estate broker auctioneer: Credit Still Tight Among U.S. Lenders - 05/06/10 02:48 PM
Banks have yet to loosen their tight grip on credit. The Federal Reserve’s latest survey of senior loan officers found that most banks maintained stringent lending standards in the first quarter, while some tightened lending terms further.A total of 56 U.S. banks responded to the Fed survey. Thirty-one were classified as large banks, and 25 were labeled as “other banks.”With regard to loans secured by residential real estate, most banks – 79.2 percent – reported essentially no change in their standards on prime mortgages over the past three months. Four large banks and one other reported that their criteria for approving … (0 comments)

paul roesch real estate broker auctioneer: TreasurySecretary Assails HAMP Servicers in Speech to Senators - 05/04/10 02:59 AM
Treasury Secretary Timothy Geithner told lawmakers Thursday that servicers are failing in their efforts to modify loans for Americans at risk of losing their homes.“I want to be clear that we do not believe servicers are doing enough to help homeowners – not doing enough to help them navigate the difficult and often frightening process of avoiding foreclosure,” Geithner said in testimony before the Senate’s subcommittee on financial services.Geithner says he and his staff at the Treasury have received “countless frustrated phone calls” from borrowers, and are seeing distinct performance disparities across the various servicing shops operating under the Home Affordable … (0 comments)

paul roesch real estate broker auctioneer: Mortgage Investors Say Big Banks Need to Modify Second Mortgages - 04/25/10 03:02 PM
In response to the notable first quarter profits recently reported by Bank of America, Citigroup, JPMorgan Chase & Co., and Wells Fargo, the Association of MortgageInvestors (AMI) released a statement saying these four banks need to stop shifting their mortgage losses to private investors and confront their conflicts of interest.The association said the banks remain conflicted by their massive investment in portfolios of home equity loans and lines of credit and servicing fees. According to AMI, BofA, Citi, JPMorgan, and Wells Fargo service approximately 40 percent of mortgages and held roughly $419 billion of second liens on their balance sheets as … (1 comments)

paul roesch real estate broker auctioneer: Fannie Bars Foreclosure Actions in the Name of MERS - 04/03/10 02:28 AM
In new policy guidelines released this week, Fannie Mae told servicers that they can no longer name MERS as the plaintiff in any foreclosure action, whether judicial or non-judicial, on a mortgage loan owned or securitized by the GSE.MERS is widely used by the industry to keep track of the servicing rights on home loans. In fact, the top 100 mortgage originators and servicers employ the system. Its repository includes information on over 60 million home loans electronically registered by lenders.MERS was created to be a paperless property registry to facilitate the quick transfer of mortgages between lenders and the inclusion … (0 comments)

 
Paul Roesch 618-233-1000, Real Estate Auctioneer CAI St Louis MO Auctions (Palatium Auction and Appraisal Service, Real Estate Auctions, Estate, Moving, Downsizing Auctions 618-233-1000 USPAP Appraisals)

Paul Roesch 618-233-1000

Real Estate Auctioneer CAI St Louis MO Auctions

Webster Groves, MO

More about me…

Palatium Auction and Appraisal Service, Real Estate Auctions, Estate, Moving, Downsizing Auctions 618-233-1000 USPAP Appraisals

Address: Metropolitan St Louis MO and surrounding Illinois and Missouri Counties, 63124

Office: 618-233-1000

Mobile: (618) 407-8479

Email Me

I sell real estate assets fast and economically. I auction household, estate, real estate and downsizing auctions. Brokers and agents encouraged for referral of sellers and buyers. Paul Roesch cell: 618-407-8479


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