The housing market continues to search for a bottom as foreclosures continue to climb across metropolitan Phoenix. more…
A developer behind several high-profile real-estate projects and a construction contractor filed a petition late Friday to force lender Mortgages Ltd. into bankruptcy. more…
WASHINGTON - Increasing struggles by consumers and businesses to make payments on a variety of loans, not just mortgages, are setting off a new wave of trouble in the financial sector that is battering even institutions that had steered clear of the subprime-home-loan debacle. more…
Despite its crisp appearance, including lavish water fountains and well-kept greens, the Villages at Rancho El Dorado Homeowners Association in Maricopa struggles to pay its bills. more…
Other major centers, such as Tempe Marketplace and SanTan
Elevation
Why is the developer of the Ritz-Carlton, Paradise Valley Resort suing to dismiss a referendum on the project rather than allow town residents to vote on it? more…
NORTHEAST VALLEY - There is no shortage of luxury condominiums on the market these days, but buyers are laying out seven figures for lofty perches in the midrise towers at Kierland Commons. more…
NEW YORK - The economy, hobbled by higher fuel and food prices, tighter credit and a depressed housing market, is limping along at a snail’s pace, a private business group said Thursday. more…
NEW YORK - Thursday’s indictment of two former Bear Stearns money managers served as a reminder of how much has been lost in the nearly one year since their hedge funds imploded. more…
NEW YORK - It was April 2007, and two Bear Stearns hedge funds run by Ralph Cioffi and Matthew Tannin were piling up losses in the subprime-mortgage market. The men were panicking over an internal report showing their funds were tanking. more…
In banking circles, Fridays are becoming the day of the week to really pay attention. more…
Chances are, as a real estate agent, some of your clients are real estate investors. If that’s the case, they may have been rocked recently, to learn about Freddie Mac’s new lending changes going into effect on August 1, 2008. This rule change could mean hundreds of thousands of real estate investments are now in the wrong business structure. more…
Thirty-six people suspected of being responsible for $100 million in illegal home loans have been indicted in the biggest crackdown on mortgage fraud in
NEW YORK - There are new signs that the worst of the global credit crisis is yet to come and that banks and brokerages caught up in the market turmoil may lose $1 trillion by the time it has passed. more…
Phoenix-based real-estate lender Mortgages Ltd. plans to lay off 17 of its 43 employees to cut costs as it addresses problem spots in its loan portfolio. more…
Online retailers promise to make 2008 a better year for Goodyear by bringing nearly 2,000 new jobs to the house-poor city. more…
WASHINGTON - The Federal Reserve has auctioned another $75 billion in loans to squeezed banks to help them overcome credit problems. more…
Green-building awareness is starting to affect buyers’ decisions to build more modest and energy-efficient luxury homes, said Camille Gietz of Gietz Master Builders. more…
WASHINGTON -