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New mortgage regulations make it tougher to secure a home loan.
Randy Hotchkiss of the Southern Arizona Mortgage Lenders Association says before the real estate bubble burst it was pretty easy for people to get a loan for a home they couldn't really afford. "The put very little down, zero equity, the value now has

Switzerland doubles mortgage-risk buffer for banks
. Saved. Save Article; My Saved The Swiss Bankers Association said it's disappointed by the decision saying the capital cushion isn't an effective way of controlling property prices. Copyright 2014

US home sales edged up 1 percent in December
Yun expects sales will remain around the 2013 level of 5.09 million in 2014 as such factors as tighter mortgage lending standards and limited inventories impede further progress in the housing market. But other forecasters are more optimistic. Patrick

Starwood Property Trust, Inc. (STWD): Starwood Spin-Off Deadline Spurs Single ...
Management has expansion plans in place to pursue property acquisitions in seven additional states through 2014, including Arizona, California, Colorado, Georgia, Illinois, Nevada and North Carolina. As of November 30, 2013, the business had contracted

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Mutual of Omaha Mortgage Expands to Tucson

Mutual of Omaha Mortgage offers a wide range of home financing products and services through a growing number of full-service locations and a national call center.

“Mutual of Omaha Mortgage’s expansion into Tucson represents a significant milestone in our growth,” Connealy said. “With our team of experienced mortgage professionals, we’re excited to expand our Arizona footprint and begin serving customers in Southern Arizona.”

Mutual of Omaha Mortgage also has Arizona locations in Scottsdale and Sun City.

Mortgage industry veteran Russell Dennis (NMLS #261362), Production Manager, has been selected to lead the Tucson office, which is located in the Mutual of Omaha Bank building at 6298 E. Grant Road in Tucson.

Russell has more than 25 years of experience in the mortgage industry and has served as president of the Young Mortgage Bankers Association and on the board of the Arizona Mortgage Lenders Association. He earned his bachelor’s degree from the University of Arizona.