Knightly, Arnold
October 2008
Las Vegas Business Press (10712186);10/27/2008, Vol. 25 Issue 43, p18
The article reports that potential condominium buyers are having difficulty securing loans as credit tightens even for the affluent. Trump International Hotel & Tower in Las Vegas, Nevada reports that only 21 percent of its 1,284 conominium units have been sold while Palms Place reports a sale of only 57%. According to Brock Davis of U.S. Express Martgages, qualifying rules have changed for condominium buyers who now have to qualify better on income, credit, and source of downpayment.


Related Articles

  • FHA Eyes Zero Down For Co-ops, Condos. Muolo, Paul // National Mortgage News;3/29/2004, Vol. 28 Issue 27, p2 

    U.S. Federal housing commissioner John Weicher said last week that his agency is willing to consider a zero down-payment mortgage for homebuyers that want to buy condominiums and cooperatives. Mr. Weicher said his agency is willing to consider insuring condos and co-ops but not necessarily...

  • Foreclosure filings soar in boroughs. Fredrickson, Tom // Crain's New York Business;2/12/2007, Vol. 23 Issue 7, p1 

    The article reports on the increasing number of home foreclosures among low-income and middle-income families in New York in 2006. According to RealtyTrac, the number of homes in foreclosure during the last six months of the year increased by 18 percent in 2005. Moreover, Profiles Publication...

  • Appraiser Appalled. Colter, Allison Bisbey // American Banker;6/11/2009, Vol. 174 Issue 111, p7 

    The article reports that some housing appraisers believe the Home Valuation Code of Conduct has produced bad housing valuation practices. An example of a property in Tampa, Florida being appraised by an individual from Panama City, Florida, nearly 400 miles away, is cited as an example. It is...

  • Detroit Home Values 10th Most Likely to Fall. Link, Monica // National Mortgage News;4/18/2005, Vol. 29 Issue 30, p10 

    Reports on the projected decline on the value of homes in Detroit, Michigan for the next two years. Recognition of Motor City as the No. 10 spot on the PMI Mortgage Insurance 2005 winter risk index; Assertions of Valerie Patterson, senior producer for RealEstateJournal.com, on the likelihood of...

  • WHAT'S THE RIGHT HOME LOAN FOR YOU?  // Money (Australia Edition);May2011, Issue 134, Special Section p3 

    The article offers a guide to choosing the right home loan that suit one's lifestyle. It notes that the federal government of Australia offers the 7,000-dollar First Home Owner Grant while the various state governments offer support via stamp duty concessions and additional grants in some cases....

  • Palms Place buyers offered financing. Stutz, Howard // Las Vegas Business Press (10712186);6/8/2009, Vol. 26 Issue 23, pP12 

    The article focuses on the seller-backed financing being offered by the Palms in an effort to jump-start sales in the nonexistent high-rise condominium market. This financing is available to some 150 potential purchasers in the 599-unit Palms Place development in Las Vegas, Nevada. According to...

  • Dear DELIA.  // Mortgage Strategy;3/10/2008, p46 

    The article presents the response of two British mortgage experts to a broker seeking advice on what he should do after his lenders rejected the loan application of his client with a good deposit and funds for a home renovation. One advises him to arrange a closed bridging loan and ensure that...

  • Editor's Introduction. Coles, Adrian // Housing Finance International;Mar2004, Vol. 18 Issue 3, p2 

    Explores articles and topics related to mortgage lending in Latin America as of March 2004.

  • Update on Egyptian Mortgage Lending. Struyk, Raymond J.; Brown, Melvin // Housing Finance International;Dec2006, Vol. 21 Issue 2, p33 

    The article presents an update on Egyptian mortgage lending. The Real Estate Finance Law of 2001 regulates all mortgage lending regardless of the legal status of the lender or its supervisory agency. Egypt exhibits potential for duplicating the type of dynamic housing finance market as that...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics