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02/20/10
$1.5 billion in housing aid coming to Arizona, 4 other states
Filed under: General, Mortgages
Posted by: Lillian Wong @ 6:05 pm

Arizona is one of five states that will split $1.5 billion from a new federal program aimed at helping regions hardest hit by home foreclosures.

President Barack Obama announced the new funds Friday in Las Vegas as part of a government push to reduce the number of homes falling into foreclosure by assisting unemployed homeowners and other struggling borrowers.  more…



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Fewer fell behind on their mortgage loans in late ‘09
Filed under: General, Mortgages
Posted by: Lillian Wong @ 5:54 pm

WASHINGTON - The number of borrowers falling behind on their mortgage payments dropped sharply at the end of last year, a sign the foreclosure crisis is beginning to ebb.

The Mortgage Bankers Association said Friday that the percentage of borrowers who missed just one payment on their home loans fell to 3.6 percent in the October-to-December quarter, down from 3.8 percent in the third quarter. The decline was surprising because delinquencies usually rise in the quarter due to higher heating bills and holiday spending.  more…



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Colangelo envisions new life for Wigwam
Filed under: General, Real Estate
Posted by: Lillian Wong @ 5:50 pm

That was 1966.

Four decades later, the sports mogul told a crowd of West Valley business and political leaders that he plans to put that same marketing spirit into his newest venture: the Wigwam Golf Resort & Spa.   more…



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