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11.12.2009 11:05 am

St. Louis-area foreclosures down sharply in Oct.

St. Louis Post-Dispatch

As we noted in a short item in today’s paper, the pace of foreclosures eased in the St. Louis region in October, mirroring national trends that show that the worst of the wave of mortgage troubles just may be over.

The…

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09.03.2009 5:17 pm

McEagle warehouse foreclosure nearly resolved

St. Louis Post-Dispatch

The foreclosure action involving a Hazelwood warehouse developed by McEagle Properties is nearly resolved.

That’s the word this afternoon from a McEagle spokesman, who said lawyers are wrapping up the deal to withdraw the foreclosure action. An “agreement in principle” reached…

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08.28.2009 10:12 am

Mo. kicks off program to help underwater borrowers refinance

St. Louis Post-Dispatch

Missouri officials are launching a new program to help borrowers refinance their mortgage, in the hopes of stemming foreclosures.

The Missouri Housing Development Corp. said today that is offering up to $13,000 to qualified borrowers who are trying to refinance and…

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08.24.2009 10:31 am

St. Louis borrowers behind on mortgages, but not facing foreclosure as much as U.S. as a whole

St. Louis Post-Dispatch

Are fewer troubled St. Louis-area borrowers winding up in foreclosure?

It certainly looks that way.

We got a chance this morning to crunch some numbers from the latest National Delinquency Survey from the Mortgage Bankers Association, issued last week. And we spotted what…

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08.04.2009 4:35 pm

NACA says 40,000 came for mortgage help in four days in St. Louis

St. Louis Post-Dispatch

The “Save the Dream” bus tour rolled out of town early Tuesday morning, leaving 40,000 customers in its wake.

That’s how many people showed up at the Chaifetz Arena from Friday through Monday, according to Bruce Marks, chief executive of the…

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07.22.2009 1:27 pm

National group to hold big mortgage-relief fair in St. Louis next weekend

St. Louis Post-Dispatch

The floor of the Chaifetz Arena was dark Wednesday morning. But a week from Friday, it’ll be packed with people trying to fix busted mortgages.

That’s when a four-day foreclosure relief fair unlike any seen here before will kick off. The…

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07.21.2009 7:48 pm

Another Pyramid project faces foreclosure

St. Louis Post-Dispatch

The Jefferson Arms building, a large empty presence on Tucker Boulevard downtown, is scheduled to be sold at foreclosure next month.

Pyramid Construction bought the 496-unit apartment building in 2006 for $19 million and planned a $75 million renovation. But the…

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07.13.2009 11:12 am

St. Louis Fed: Mortgage woes here trail nation as a whole

St. Louis Post-Dispatch

A new study out from the Federal Reserve Bank of St. Louis reminds us once again that, while the mortgage crisis is bad here, it is worse in other places.

The rate of delinquent loans in the Fed’s 8th District (see a…

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07.10.2009 6:49 pm

Plaza Square foreclosure set

St. Louis Post-Dispatch

A bankruptcy judge’s decision is leading to a foreclosure sale of the Plaza Square apartments, the large and troubled complex in downtown St. Louis.

The sale is set for noon July 28 at the Civil Courts building.

Urban Developers LLC, which owns five…

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07.08.2009 10:33 am

More St. Louisans lagging on mortgage payments

St. Louis Post-Dispatch

Here’s another sign that the mortgage crisis is not easing.

One in every 23 St. Louis-area borrowers (4.3 percent) was at least 90 days behind on mortgage payments in May, according to new data out this week from First American Core…

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