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Arizona Real Estate Mortgage Newsarizona real estate mortgageLast week, Phoenix-based real-estate investment firm Right Place Properties spent investors' money to purchase multifamily housing units, promising a healthy return on their cash. Then on Monday, the company and its designated broker, Red Door ... Read moreReal-estate investment firm struggles to stay afloat - AZCentral.comOver the past year, ProSchools, a national leader of online real estate education, has witnessed a steep downward trend in the number of people getting a real estate license, largely due to the uncertainties in the housing and mortgage lending ... Read moreOnline Courses Open Up New Opportunities - PR InsideNEW YORK, Nov. 20 -- Another levee in the financial markets is crumbling. Fears about rising default rates and declining property values, which engulfed the home mortgage market at the start of the credit crisis, are spreading to the commercial real ... Read moreCrisis Hits Values of Commercial Mortgages: Investors Leery of Real ... - Washington PostIf flipping a house in today's real estate market seems riskier than trekking with a ragtag band of hobbits to Mordor, take heart: Home flippers can still find plenty of opportunities, though they're not entirely without risk. It may seem ... Read moreHow to flip an Arizona house for profit in this market - ABC 15 NewsA recent survey concluded that almost a quarter of all homes with mortgages are worth less than what is owed on the loans. First American CoreLogic, a real estate data company, found that nearly 10 million homeowners are either at negative equity or ... Read moreThe Vicious Cycle That's Holding Millions Underwater - Washington PostPHOENIX -- A Phoenix mortgage broker is sentenced to 3 1/2 years in prison for defrauding four Valley seniors of more than $400,000, the county attorney general's office said. Rick McCullough, 36, was also ordered to serve seven years probation and ... Read moreMan Gets Prison In Mortgage Scam - KPHOSEATTLE, Nov. 18 /PRNewswire/ -- Mortgage rates remained relatively stable last week, with rates for 30-year fixed mortgages declining slightly to 6.03 percent, down from 6.09 percent the week prior, according to the Zillow Mortgage Rate Monitor ... Read moreMortgage Rates Remain Stable for Second Consecutive Week - PR NewswireA former Phoenix mortgage broker was sentenced to 42 months in federal prison for bilking four senior citizens out of more than $400,000 in a residential mortgage loan operation scam. Rick Thomas McCullough, 36, also will receive seven years ... Read moreEx-mortgage broker sentenced to prison - East Valley TribunePhoenix mortgage broker Rick Thomas McCullough was sentenced to three-and-a-half years in prison after pleading guilty to securities fraud related to a scam bilking four seniors out of more than $400,000. He also received seven years probation and ... Read moreMortgage Broker gets 3.5 years in fraud - Phoenix Business JournalNov. 19 (Bloomberg) -- The cost to protect top-rated commercial-mortgage bonds against default rose to a record, a day after two bad loans boosted concern the debt will cause losses. The cost of default swaps on AAA rated bonds rose 161.8 basis ... Read more |
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