In 2006, two Canadian companies touted plans to build a condominium project in downtown
A high-rise renovation project in central Phoenix that received high praise when it was converted from apartments to condominiums in 2005 appears headed for serious trouble. more…
FOUNTAIN HILLS - Former Fountain Hills Mayor Wally Nichols is heading a committee seeking to defeat a referendum on the Nov. 4 ballot. more…
Travis L. Williams, a trailblazing figure in
Residents will vote Nov. 4 on a referendum to determine the fate of the Ritz-Carlton, Paradise Valley Resort project. more…
The Office of Thrift Supervision (OTS) today closed the $32 billion IndyMac Bank, headquartered in
WASHINGTON (Reuters) - Fannie Mae and Freddie Mac said on Friday that their finances were sufficiently sound to withstand the housing crisis as government officials scrambled to restore confidence in the country’s two largest mortgage finance companies. more…
WASHINGTON - Senior government officials prepared emergency steps Friday to rescue troubled mortgage giants Fannie Mae and Freddie Mac but stopped short after a campaign of public statements eased immediate concerns about the stability of the institutions. more…
At least one other lender aside from Phoenix Suns majority owner Robert Sarver’s real-estate company is interested in providing “emergency” financing for bankrupt Mortgages Ltd., according to a notice filed Thursday in U.S. Bankruptcy Court. more…
The nation’s top economic officials urged Congress on Thursday to give them new regulatory tools to better protect the country from economic and financial havoc if a major Wall Street firm were to fail. more…
Shares of Fannie Mae and Freddie Mac, two pillars of the nation’s housing market, continued to plummet Thursday as investors and federal officials contemplated the possibility that the giants of the mortgage business could require a federal bailout. more…
Mortgages Ltd. is working on a plan to resume interest payments to investors, an attorney for the bankrupt commercial real-estate lender said at a court hearing Wednesday. more…
Arizonans treading in the housing market’s choppy waters have found an unusual lifeline - a group of non-profit organizations that siphon down payments from home sellers to buyers. more…
Signs are emerging that the U.S. housing market’s long slump is likely to fester through the summer, and the real-estate market may not recover for at least another year. more…
The Federal Reserve will issue new rules next week aimed at protecting future home buyers from dubious lending practices, its most sweeping response to a housing crisis that has propelled foreclosures to record highs. more…
As the pool of vacant building space grows and leasing and sales velocity continues to stall, chances of a recovery in the Valley’s commercial real-estate market appear less likely this year. more…
A big player in the fight against foreclosure has expanded to
SANTA ANA,
Arizona’s nearly 10,000 loan officers will have to have a license starting in 2010. more…