Ricardo Cortez's (rcortez) Blog

Wall Street tumbled Friday after the government said personal incomes fell last month by the largest amount in nearly three years while consumer spending slowed. The Dow Jones industrial average fell more than 170 points, while a disappointing profit report from computer maker Dell Inc. weighed o...

Builders are selling. Check out these statistics from the recent Arizona real estate report A new report just issued the following stats.   DR Horton's offering at Riata West produced 45 sales in July. Pulte Homes at Red Rock Village gained 17 sales.  The list of builders with five or more sales ...

  credit scores, a powerful little three-digit number ranging from 300 to 850. Requesting your credit reports and scores is a good way to start taking control of your money. There is one most common credit score used by banks to make decisions: the FICO score, developed originally by Fair Isaac C...

as we all know, ...When it comes to buying real estate, Patience, prudence, insight, educated decision making and a little luck can present you with promising opportunities. However, financial professionals, will often tell you that “Risk evaluation" is probably the most important criteria one mu...

according to wall street analysts, concern still looms for Fannie Mae & Freddie Mac unless these companies can raise capital. If the companies capital falls too much, they could be forced by their government regulator to suspend dividend payments to preferred shareholders, said Brian Harris, a se...

Short Sale is fast replacing 'Sub-prime' as the word of the year for 2008 so, what exactly is a short sale in Real Estate? a very simple explanation, ... Selling short , or a 'short sale' means offering (and a lender accepting) lesser amount than money owed to the bank. The good: salvage credit (...

Today on Wall Street, "Investors dumped the stocks of Fannie Mae and Freddie Mac on Monday after Barron's reported the increasing likelihood of a U.S. Treasury bailout that would approach nationalization of the two housing finance titans."  Freddie Mac and Fannie Mae have recently indicated that ...

  The White House temporarily suspended "flipping rule that imposes a 90-day waiting period before foreclosed homes can be sold in order for these buyers to receive FHA (Federal Housing Administration) insured loans. According to the release, ... "For one year, the Federal Housing Administration ...