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Forecast: Homebuilding to focus on west

Posted on February 2, 2014 at 9:30am 0 Comments


Metro Phoenix’s homebuilding recovery won’t ramp up again until 2015, and then it will play out mostly in the West Valley.

The latest forecast comes from some of the region’s top developers, builders, investors, brokers and analysts at the Scottsdale-based Land Advisors Organization’s annual real-estate conference on Wednesday.

New-home permits will climb as high as 18,000 next year, and the number of homes built in the southeast Valley will decline, Land…


MBA: Mortgage Delinquency Rates declined in Q2

Posted on September 2, 2013 at 10:55am 0 Comments

The delinquency rate for mortgage loans on one-to-four-unit residential properties decreased to a seasonally adjusted rate of 6.96 percent of all loans outstanding at the end of the second quarter of 2013, the lowest level since mid-2008. The delinquency rate dropped 29 basis points from the previous quarter, and 62 basis points from one year ago, according to the…


Housing Recovery Bailed Out 1.4 Million Underwater Homeowners in 2012

Posted on January 20, 2013 at 11:39am 0 Comments

One of the most significant effects of the nation's housing bust has been the swelling ranks of underwater borrowers trapped in homes worth far less than they are worth.

But thanks to sustained rises in home prices, the number of homeowners stuck in the negative equity trap is dwindling. According to analytics firm CoreLogic, 100,000 borrowers edged into the positive equity territory in the third quarter of 2012, adding to the more than 1.3 million borrowers that…


CFPB compensation rules shift mortgage broker direction

Posted on January 20, 2013 at 11:17am 0 Comments

The Consumer Financial Protection Bureau topped off a week of mortgage rule rollouts by launching the agency's guidelines for loan officer and broker compensation Friday.

Among other provisions, the CFPB's final rule keeps originators from steering borrowers into risky and high-cost loans, ends dual compensation from both the consumer and creditor and bans the attachment of mandatory arbitration agreements to mortgage and home equity…


Comment Wall (1 comment)

At 1:24am on September 19, 2012, Samuel Matthews said…


I believe you are the moderator of this community.Recently I've found that in this community there is a irrelevant post this is not on topic of the community,Google may take steps against this kind of posts.So its my request to delete this post.



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