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11.18.2009 10:40 am

Mortgage delinquency hits record high in U.S., 4.5% in St. Louis

St. Louis Post-Dispatch

One in every 22 mortgages in the St. Louis metro area was at least 60 days past due in the third quarter, according to TransUnion; 4.5 percent. That’s more than twice the figure here two years ago, though it’s considerably…

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10.15.2009 11:56 am

Report: St. Louis area foreclosures rise sharply in September

St. Louis Post-Dispatch

As we noted in a short item in today’s paper, foreclosures in the St. Louis region jumped in September, according to a new batch of data from RealtyTrac.

The foreclosure-tracking service reports that the number of homes either set for a…

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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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07.29.2009 5:40 pm

The race between foreclosures and loan mods: It’s not even close

St. Louis Post-Dispatch

Check out this chart, via NPR’s Planet Money.

It shows the pace of foreclosures, and the pace of loan modifications. Modifications are not keeping up with the scope of the problem.

“The strugglers are outpacing the rescued by a factor of seven.”

Ouch.

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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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07.08.2009 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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06.09.2009 11:18 am

Will rising mortgage rates swamp housing market?

St. Louis Post-Dispatch

Don’t look now, but mortgage rates have been rising fast (well, OK, look).

After hovering around 5 percent for most of the last few months, the average rate on a 30-year fixed-rate mortgage has spiked to about 5.7 percent since the…

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05.01.2009 8:55 am

How a Calif. town is dealing with run-down bank-owned homes

St. Louis Post-Dispatch

Good story in the Wall Street Journal today about how the little town of Indio, Calif., is taking on the big banks that own more and more homes there, and too often let those homes fall into disrepair.

Indio, 100 miles from…

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