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Tag Archives: Arizona
Showdown ahead for CFPB and Corday nomination
President Obama on Thursday re-nominated Richard Cordray to head the Consumer Financial Protection Bureau, all but assuring a fight with Senate Republicans who oppose the agency’s sweeping powers to regulate the financial services industry. Cordray, 53, took the helm of … Continue reading
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Tagged Arizona, CFPB, Distressed Properties, Maricaopa County, Realtor, Rich Griffin, Sonoran Title, title company
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The Cliff and Your Real Estate Business
The housing market and the housing industry have escaped a potential blow on several fronts now that lawmakers have at least partially resolved Washington’s “fiscal cliff” budget morass. A bill passed by Congress on Tuesday to pull the nation back … Continue reading
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Tagged Arizona, Colorado, Fiscal Cliff, Maricaopa County, Phoenix, Rich Griffin, Short Sale, Sonoran Title, title company
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CFPB may trial run new mortgage disclosure rules
The Consumer Financial Protection Bureau is proposing a plan that would give banks the opportunity to test run the launch of new mortgage disclosures for borrowers, rather than throwing them directly into unfamiliar territory. While the idea is still in … Continue reading
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Tagged Arizona, CFPB, Maricaopa County, Rich Griffin, Short Sale, Sonoran Title, title company
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More Shake Up at the CFPB?
Buzz at the Consumer Financial Protection Bureau is that director Richard Cordray is thinking about leaving the agency when his recess appointment expires at the end of next year, rather than go through another contentious confirmation battle. A spokesperson at … Continue reading
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Tagged Arizona, CFPB, Distressed Properties, Maricaopa County, Rich Griffin, Short Sale, title company
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A rebound off the bottom
Home prices during the first half of 2012 posted their strongest gains in six years, the clearest sign that more U.S. housing markets have hit bottom. But the housing market remains far from normal. Hitting a bottom shouldn’t be confused … Continue reading
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Tagged Arizona, Credit Repair, Distressed Properties, Maricaopa County, Marketing, Phoenix, Rich Griffin, Sonoran Title, title company
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Recovery Update
By NICK TIMIRAOS The percentage of American homeowners behind on their mortgage payments fell during the first quarter to the lowest level since the end of 2008. But the share of loans in foreclosure remains stubbornly high, according to a … Continue reading
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Tagged Arizona, Distressed Properties, Foreclosure, Short Sales, Sonoran Title, title company
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Bank of America – Paying it back?
Bank of America has started sending letters to thousands of homeowners in the United States, offering to forgive a portion of the principal balance on their mortgages by an average of $150,000 each. The reduction for qualifying homeowners could amount … Continue reading
Housing Market showing a recovery
US home-buying season finally signaling a recovery By ALEX VEIGA, AP Real Estate Writers – 23 hours ago WASHINGTON (AP) — Five years after the U.S. housing bust sent sales and prices plunging, the spring home-buying season is pointing to … Continue reading
Fed to keep Interest Rates Low
By Don Lee, Los Angeles Times March 26, 2012, 10:50 p.m. ARLINGTON, Va.— — Federal Reserve Chairman Ben S. Bernanke, worried that recent labor market improvements could fizzle because of weak economic growth, signaled that he was poised to keep … Continue reading
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Tagged Arizona, BPO, Distressed Properties, interest rates, Maricaopa County, Marketing, Phoenix, Rich Griffin, Short Sale, Sonoran Title, title company
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FHA Loans to Become a Little Cheaper
Refinancing Fees Are Reduced for Some F.H.A. Borrowers By TARA SIEGEL BERNARD In what it described as part of an initiative to lift the housing market, the Obama administration said Tuesday that it would make refinancing less expensive for certain … Continue reading