Housing News from The Wizard of Waz

Real Estate Sales Representative - Wizards of Waz Real Estate
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This HousingWire article highlights the news that took place over the weekend. Leading the way is the government needing to raise the debt ceiling, an increase in the FHA mortgae insurance premium and new legislation that will force lenders to reduce principal on delinquent mortgages. http://bit....
Here is the update to my weekly report. I got it out a little late this week as I have been swamped!! Inventory of homes for sale in the subdivisions of Maricopa Arizona continues to decline, albeit at a slower rate. Buying activity is still strong but has lessened slightly due to the annual migr...
Wells Fargo is in discussions with the Arizona Department of Housing about joing a program that would provide a principal reduction on delinquent mortgages. The Treasury Department allocated $7.6 billion to the Hardest Hit Fund and Arizona received $268 million of this. Of course, it uses taxpaye...
Senator John McCain (R - AZ) recently introduced a bill that aims to end the taxpayer bailout of Fannie Mae and Freddie Mac and move towrds getting the government out of the housing business in the next two years. I haven't looked into all of the details yet but the aim of the bill is to "relinqu...

Bill "Waz" Wasowicz

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