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Almost half of all mortgages in Arizona are underwater, report says
WASHINGTON – Just under half of all Arizona mortgages were “under water” in spring of this year, the second-highest percentage in the nation, according to a report from a private research firm.
HOAs may face restrictions on document fees
All the big guns have been drawn for the perennial battle over just what exactly homeowners associations may do. For 2011, it’s over how much an association can charge for processing documents when a resident is selling his or her house. Sen. Andy Biggs, a Republican from Gilbert, wants to limit the fee to a per-page cost of 10 cents for the documents.
Foreclosure rate helps lure new Fannie Mae office to Arizona
Mortgage finance giant Fannie Mae has opened a mortgage help center to help struggling homeowners with loans owned by the company.
Licensing overload; Financial Institutions has thousands of new businesses to license, regulate
A state law nearly doubling the amount of loan originators and brokers who must be licensed and monitored by the state has increased the workload of a staff already struggling to keep up with approving new mortgage-originator licenses, regulating existing businesses and protecting consumers.
