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Real Estate Financing

Bailout goes local with Pulaski

It seems like Pulaski Bank couldn’t resist the call of all that bailout money. The Post Dispatch is reporting that they will receive an infusion of $32.5 million fromt he government in exchange of like amount of stock. Reports say that the bank is well capitalized, but they want the money to be able to More»

By | December 23, 2008
Real Estate Financing

Housing prices continue to fall

You’d think that the sky was falling. Here’s the bad news of the day on housing: Meanwhile, the Standard & Poor’s/Case-Shiller national home price index released Tuesday tumbled a record 16.6 percent during the quarter from the same period a year ago. Prices are at levels not seen since the first quarter of 2004. This More»

By | November 25, 2008
Real Estate Financing

Wachovia and A.G. Edwards

What a difference a year can make. Thats about how long it has been since Wachovia bought St. Louis-based A.G. Edwards. According to this article, it looks like Wachovia just sold off its banking operations to Citigroup. Apparently the brokerage is not part of the deal, but one has to wonder what kind of affect More»

By | September 29, 2008
Real Estate Financing

Local banks will survive government buyout

It sounds like the Fannie Mae/Freddie Mac shakeup won’t be too big an issue for local banks in Missouri and Illinois after all. So this article in the Post Distpatch claims anyway. More»

By | September 11, 2008
Real Estate Financing

Pulaski Bank takes one on the nose

The Post Dispatch is reporting that local Pulaski Bank just sold it’s shares in Fannie Mae in the wake of the government bailout for an after-tax loss of $5.2 million. Not the kind of news you want to hear when you are hoping to see some of the local boys loosen up the lending reins. More»

By | September 10, 2008
Real Estate Financing

Federal & State Historic Tax Credits in St. Louis

Don’t forget to consider utilizing Historic Tax Credits when remodeling your home or investment property. Federal and State credits could allow you to have a much as 45% of your construction costs reimbursed after project completion. When applying for Historic Tax Credits a lot of paperwork and record keeping is involved. However, if you do More»

By | November 14, 2007
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