Archive for the 'Arizona' Category

Wow. It’s amazing to think in terms like this. Nowadays we all have foreclosures dotting, peppering, or downright plastering our neighborhoods. We have grown accustomed to terms like ‘loan modification’ and ‘short sale’. But if we looked at the number of foreclosures owned by just one entity such as Fannie Mae, the aggregate appearance is […]

As we’ve seen the major banks start to fall apart or get bought by the government, we’ve been inundated with suggestions, opinions, and infighting between parties and ideologies. However, what so many are forgetting about is that the crux of the issue regarding house pricing and the worth of derivatives based on home mortgages still […]

This could turn out to be a very bad thing. There has been a lot of coverage recently about the money that the Arizona government has “lost” or more appropriately, “not realized” due to the bursting of the housing bubble. As Arizona grew in leaps and bounds, so did the budgets based on estimations of […]

First Magnus Financial Corp. Broke A Federal Law By Providing Incentive Payments To Mortgage Brokers

First Magnus was covered here several months back when it refused, or stated it simply couldn’t, send paychecks it owed to employees. At that time, the lender was also filing for bankruptcy. This was then: “First Magnus Financial Corp. still is not sending out paychecks to its former employees. But the Tucson-based mortgage lender announced […]

Many buyers chose to move to out-lying areas in cities like Gilbert, Chandler, Queen Creek, and Mesa in the East Valley. In the West Valley, buyers moved towards areas like Anthem, Surprise, Cave Creek, and some further out areas of Scottsdale. As the foreclosure notices started going up on doors and in the mail, prices […]

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