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09/20/09
After crash, loan officers are reined in
Filed under: General, Mortgages
Posted by: Lillian Wong @ 3:46 pm

Most of the blame for the loans that led to the housing crash has been leveled at big lenders and Wall Street investment firms. However, all those high-risk mortgages that led to record foreclosures and fraud cases wouldn’t have been as popular without the loan officers who sold them.  more…



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Cities blast impact-fee freeze
Filed under: General, Real Estate
Posted by: Lillian Wong @ 3:34 pm

A newly imposed two-year freeze on development-impact fees is a win for Arizona’s battered construction industry but a blow to cities eyeing fee hikes to pay for services tied to new projects.

“It definitely changes the definition of growth paying its own way,” Gilbert Town Manager George Pettit said. “It just pays most of its own way.”   more…



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