Arizona Real Estate News Access
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September 2008
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09/07/08
U.S. takes control of mortgage giants Freddie, Fannie
Filed under: General, Real Estate
Posted by: Lillian Wong @ 1:38 pm

WASHINGTON - The Bush administration, acting to avert the potential for major financial turmoil, announced Sunday that the federal government was taking control of mortgage giants Fannie Mae and Freddie Mac.  more…

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Bland skyline struggles to give Phoenix true sense of identity
Filed under: General
Posted by: Lillian Wong @ 1:34 pm

A city’s skyline is its ID photo. Think the Transamerica Pyramid and the Golden Gate Bridge for San Francisco, the George Washington Bridge and the Empire State Building for Manhattan. And Dallas, well, Dallas has its freeway flyovers.  more…

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Family tied to projects at ballpark in Chapter 11
Filed under: General, Real Estate
Posted by: Lillian Wong @ 1:28 pm

The family that is planning to develop retail and office space around Goodyear’s ballpark filed for Chapter 11 bankruptcy protection last week in an effort to sever its relationship with a partnering company.  more…

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Industry pushes to restore aid by sellers
Filed under: General, Real Estate, Mortgages
Posted by: Lillian Wong @ 1:19 pm

Housing-industry representatives are seeking a federal pardon for seller-funded down-payment assistance in the days leading up to its scheduled execution.  more…

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How an e-mail helped Mesa to land a major resort
Filed under: General, Real Estate
Posted by: Lillian Wong @ 1:16 pm

Ever since it was learned that Mesa would be home to Gaylord Entertainment Co.’s next megaresort, one question has been on everyone’s mind: Why Mesamore…

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Loan losses shut down Valley bank
Filed under: General, Business, Mortgages
Posted by: Lillian Wong @ 1:09 pm

Silver State Bank, which has four branches scattered across the Valley and ties to a son of presidential nominee John McCain, was shut down by regulators late Friday after struggling with losses due to real-estate loans gone bad in Nevada and Arizona.   more…

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Feds create a rescue plan for shaky lenders Fannie, Freddie
Filed under: General, Mortgages
Posted by: Lillian Wong @ 1:06 pm

WASHINGTON - The government has formulated a plan to put troubled mortgage giants Fannie Mae and Freddie Mac under federal control, prop them up financially and dismiss their top executives, federal officials told the two companies Friday, according to three sources familiar with the conversations.  more…

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CityNorth’s Phase 1 nears completion
Filed under: General, Real Estate
Posted by: Lillian Wong @ 1:02 pm

CityNorth is beginning to take on its final appearance, with only final touches and finishing interior spaces to complete in the final two months before the project’s first phase opens.   more…

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W Hotel raises wow factor in Scottsdale
Filed under: General, Business, Real Estate
Posted by: Lillian Wong @ 12:56 pm

When the W Scottsdale Hotel & Residences opens today, it will bring to Old Town three upscale bars, the Los Angeles-based, style-conscious restaurant Sushi Roku and 224 rooms with buzz-worthy design. But it also will usher in an era of $26 overnight valet parking and $559-a-night hotel rooms.   more…

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$3.99 million Wright home hits market
Filed under: General, Real Estate
Posted by: Lillian Wong @ 12:51 pm

It’s a small, 1951 fixer-upper, but don’t expect to get a discount on the David Wright house in Arcadiamore…

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Judge to OK plan that funnels $2.8M to developer
Filed under: General, Real Estate, Mortgages
Posted by: Lillian Wong @ 12:46 pm

A U.S. Bankruptcy Court judge plans to approve Mortgages Ltd.’s request to funnel $2.8 million to the developer of Tempe’s Centerpoint high-rise condos.   more…

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Unlocking home equity
Filed under: General, Real Estate, Mortgages
Posted by: Lillian Wong @ 12:45 pm

In a robust housing market, Robert and Shirley Lachance would not have considered applying for a reverse mortgage.  more…

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