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Tuesday, March 5, 2013
Monday, December 31, 2012
Thursday, December 6, 2012
Monday, December 3, 2012
12/03/12
Colony
behind big real estate buy
The winning bidder for Fannie Mae's bulk sale of more than 300 sought-after foreclosure houses in metro Phoenix has been revealed: Santa Monica, Calif.-based Colony Capital. But the true cost of the houses is still a mystery because of the complex financing deal approved by Fannie Mae's regulator, the Federal Housing Finance Agency. The more than 300 houses in Arizona are lumped in with a total of 970 foreclosure homes Colony is buying. The other properties are in California and Nevada.
Read article - azcentral.com
The winning bidder for Fannie Mae's bulk sale of more than 300 sought-after foreclosure houses in metro Phoenix has been revealed: Santa Monica, Calif.-based Colony Capital. But the true cost of the houses is still a mystery because of the complex financing deal approved by Fannie Mae's regulator, the Federal Housing Finance Agency. The more than 300 houses in Arizona are lumped in with a total of 970 foreclosure homes Colony is buying. The other properties are in California and Nevada.
Read article - azcentral.com
FHFA:
No change to conforming loan limits at Fannie, Freddie
The maximum conforming loan limits will remain the same for mortgages acquired by Fannie Mae and Freddie Mac, the firms' conservator said Thursday. The Federal Housing Finance Agency said the maximum loan limit for one-unit properties will remain at $417,000, but can still run as high as $625,500 when the property resides in one of the designated high-cost areas.
Read article - Housing Wire
The maximum conforming loan limits will remain the same for mortgages acquired by Fannie Mae and Freddie Mac, the firms' conservator said Thursday. The Federal Housing Finance Agency said the maximum loan limit for one-unit properties will remain at $417,000, but can still run as high as $625,500 when the property resides in one of the designated high-cost areas.
Read article - Housing Wire
Friday, November 2, 2012
whats new this week?
Arizona
Economy Grows In August, Reports Comerica Bank's Arizona Economic Activity
Index
Comerica Bank's Arizona Economic Activity Index increased by 0.5 percentage points in August, rising to a level of 86.8 - 16 points above the index cyclical low of 71.0. "The Arizona economy continued to expand in August, as shown by our Arizona Economic Activity Index. Job growth in Arizona has outpaced that of the nation this year. Phoenix home prices have increased every month for the past 11 months. During that period, area home prices have risen 17.2%, after adjusting for inflation," said Robert Dye, Chief Economist at Comerica Bank.
Comerica Bank's Arizona Economic Activity Index increased by 0.5 percentage points in August, rising to a level of 86.8 - 16 points above the index cyclical low of 71.0. "The Arizona economy continued to expand in August, as shown by our Arizona Economic Activity Index. Job growth in Arizona has outpaced that of the nation this year. Phoenix home prices have increased every month for the past 11 months. During that period, area home prices have risen 17.2%, after adjusting for inflation," said Robert Dye, Chief Economist at Comerica Bank.
Read article - Sys-Con
Media
Fannie,
Freddie Streamline Short-Sale Approvals
Beginning Nov. 1, Fannie Mae and Freddie Mac gave nine private mortgage insurers the ability to approve short sales and deeds in lieu of foreclosure for distressed home owners without requiring a separate review. The move is expected to reduce delays, costs, and uncertainty involved in processing short sales and deed in lieu, according to mortgage giant Freddie Mac.
Read article - Realtor Magazine
Beginning Nov. 1, Fannie Mae and Freddie Mac gave nine private mortgage insurers the ability to approve short sales and deeds in lieu of foreclosure for distressed home owners without requiring a separate review. The move is expected to reduce delays, costs, and uncertainty involved in processing short sales and deed in lieu, according to mortgage giant Freddie Mac.
Read article - Realtor Magazine
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