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Arizona mortgage - News


Meltdown 101: How a mortgage aid plan might work
The Associated Press - Feb 14, 2009
Meltdown 101: How a mortgage aid plan might work FOXNews President Barack Obama is scheduled to announce a sweeping initiative on Feb 18 in a speech in Arizona, one of the nation's most severe hot spots for Obama to unveil strategy in Arizona Obama to unveil foreclosure plan, big lenders wait Summers Says Obama Mortgage Plan to Focus on Lowering Payments  -

Citigroup and JP Morgan suspend foreclosures
MarketWatch - Feb 14, 2009
Citigroup and JP Morgan suspend foreclosures ABC News The Arizona housing industry has been pounded by the slow economy and the state is now seeing some of the highest foreclosures rates in the country. US banks show mercy to mortgage defaulters Awaiting plan, some banks halt foreclosures US Financial Giants Hold Off on Housing Foreclosures  -

Fannie Mae, Freddie Mac again suspend foreclosures
The Associated Press - Feb 14, 2009
Fannie Mae, Freddie Mac again suspend foreclosures Property Wire (AP) — Government-controlled mortgage finance companies Fannie Mae and Freddie Mac said Friday they have immediately suspended all foreclosure sales Banks halt foreclosures as rescue takes shape

Obama Mortgage Crisis Plan: A Key First Step
TheStreet.com - Feb 14, 2009
Obama is expected to fully outline the plan on Wednesday during a speech in Arizona. Much like other remedies offered by the Obama administration, "Hasn't housing been subsidized enough?" Foreclosures Loom Over Future Bailout Plans Homeowner Bailout May Be In The Works

Calif. fraud suspect caught with $70000 in boots
The Associated Press - Feb 12, 2009
Calif. fraud suspect caught with $70000 in boots MiamiHerald.com The fraudulent deals involved 500 homes and condominiums in California, Florida, Nevada, Illinois, Colorado and Arizona, according to Internal Revenue Fugitive financier arrested at US border Sacramento Fraud Fugitive a "Big Fat Liar?" Jet-setter fugitive seized at border

Meltdown 101: How a mortgage aid plan might work

14.02.09

WASHINGTON (AP) — The government, facing a housing crisis that's escalated far beyond all but the most dire predictions, is looking at ways to spend at least $50 billion to make sure borrowers can stay in their homes.

President Barack Obama is scheduled to announce a sweeping initiative on Feb 18 in a speech in Arizona, one of the nation's most severe hot spots for foreclosures. Details of the government's plan are not yet ready, but there is already plenty of chatter in the nation's capital about how it might work.

Here are some questions and answers about the plan that's coming together.

Q: How might the government's plan work?

A: The plan is likely to feature hefty incentive payments designed to encourage the lending industry to lower mortgage rates or reduce the total principal amount owed by borrowers, a Democratic Senate aide briefed on the plan said Friday. The idea is believed to be attractive because it is expected to be far less expensive than having the government buy up troubled loans, which are often combined and divided into mortgage-linked securities that are owned by investors.

Source: The Associated Press

How do I attract new business in the Arizona Mortgage Industry?

Jul 28, 2006 by Owen H | Posted in Search Engine Optimization

Is it better to talk with agents, FISBO's, builders etc. Which one would benefit my company to spend more time on?

When you figure this one out, let me know!

Personally, I think agents are the best way to go. Builders might be okay, too, but remember the agents their will usually be pushing the builders' own financing company (if they are large enough to have one) and so they may recommend you, but only on a secondary basis. Truth be told, it is a difficult market because what do you have that sets you apart from everyone else? This is a hard thing to prove.

Good luck and best wishes.

K M | Jul 28, 2006

How do you start marketing effectively for a Mortgage company in Arizona?

Jul 28, 2006 by Owen H | Posted in Search Engine Optimization

I have been given the task of creating new Ideas to generate business in our (home, construction, lot, refinance and HELOC programs) What are some cheaper, more effective avenues that work?

nothing really cheap AND effective. "best" way is to produce some flyers detailing your most aggressive products that people will actually want. low rates, closing costs, etc etc. people get that crap all the time so there has to be something on there that catches their eye at least and makes them want to read on.

Reaper King | Jul 28, 2006

What will happen to a second mortgage in a forclosure in Arizona if I own another home and it is paid off???

Oct 26, 2007 by gse_real_estate | Posted in Personal Finance

Two mortgages on forclosing home, will second come after my equity on my primary home that I own out right or retirement money I have in the bank in forms of cd's?

The first mortgage wil get to sell the house and then you'll have to come up with the rest of the money if they don't sell for as much as you owe.

The 2nd mortgage holder could come after you and the rest of your assest but I'm not sure about that.

You should ask the 2nd mortgage holder or a real estate lawyer what could happen.

sporregar | Oct 26, 2007
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