Financial Regulators Close Down California Bank
On Friday 1st Contennial Bank in California became the third U.S. bank to fail this year. The Banks $676.9 million in deposits will be assumed by First California Bank.
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Archive for the 'Arizona' Category (Chronologically Listed)
Home Prices Expected to Fall 30 Percent Before 2010
According to Moody’s Economy.com housing prices across the US are expected to fall more than thirty percent before it recovers.
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Foreclosure Numbers Released
RealityTrac, an independent company that tracks foreclosures in 100 different major cities, released its numbers today and the outlook doesn’t look good.
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Posted by Ryan Fiore on Nov 15 2007 under Arizona, California, Colorado, Florida, Foreclosure, Indiana, Michigan, Nevada, Ohio, Texas
Development in Downtown Tucson Arizona Slowed due to Housing Market
Greg Shelko, Director of Downtown Development, says that the public has been hearing about downtown revitalization for decades. Greg states “They’re tired of hearing about it and they want to see it, so we’re tired of talking about to we’re happy that some of our projects are finally coming out of the ground.”
Posted by Ryan Fiore on Nov 03 2007 under Affordable Housing, Arizona, Condominium Market, Home Builders
Fraud Down in Phoenix Arizona
Jeffrey Allen Herald, 49 of Phoenix Arizona, was indited on October 19th on two counts of fraud and artifices and one count of theft for providing unlicensed legal and mortgage services.
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Posted by Ryan Fiore on Oct 22 2007 under Arizona, California, Florida, Hawaii, Mortgage Fraud, New Mexico, Texas, Utah, Washington
Arizona Home Mortgage Problems Escalating
More Arizona homeowners fell behind on their mortgage payments this summer, indicating foreclosures will keep climbing, according to a recent study.
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Posted by Richard Barber on Sep 12 2007 under Arizona
Arizona Housing Prices Plumment; Prime Time to Buy
Arizona home prices officially fell into the red last quarter, the first time that has happened in 16 years.
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Posted by Jed Moss on Sep 05 2007 under Arizona
Arizona Mortgage Market: Scary
Looking on the bright side of the market slowdown is getting tougher for Arizona real estate agents.
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Posted by Jed Moss on Aug 31 2007 under Arizona
Buyers Squeezed Out of Arizona Mortgage Market
The mortgage industry’s tailspin from lofty heights has left potential Valley buyers scrambling to pick up the pieces of shattered deals, as lending standards tighten on a near-daily basis.
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Posted by Jed Moss on Aug 27 2007 under Arizona
Arizona Home Loan Foreclosures Soaring
The fallout from the country’s real estate slump continues to hit hard in Arizona and across the nation as more homeowners and lenders turn to foreclosure to solve their financial woes.
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Posted by Richard Barber on Aug 02 2007 under Arizona