Mortgage Companies and Lending Banks Haven’t Hit the Panic Button yet
By Tobi Jackson

Arizona, New Mexico & Colorado have signs of a slowing housing market. The mortgage lending industry hasn’t hit the panic button just yet though....industry insiders do have a careful eye on loan regulators & they looking out for smoke signals just in case.

The Federal Deposit Insurance Corp released a report recently that cited a scale-back on loan production. There was also a notable reduction in building permits applications in many states, like Arizona, California, Washington and Oregon.

Affordability is a concern for many homeowners. John Anderlik, a regional manager for the FDIC stated, "Banking conditions in Arizona are still very strong at this point," said.

"There's nothing to indicate things will change significantly over the next 12 months."

This economical report cited mortgage banking statistics for the 4th quarter of 2005. The FDIC expects job gains in Arizona to slow. Higher energy costs, are another reason housing affordability has become a concern for 2006 & 2007.

For more information, please visit www.fdic.gov

Tobi is a freelance writer, and financial analyst that writes mortgage related articles for www.mortgageloanoutlet.com. Please contact Mortgage Loan Outlet, inc. if you want to republish this article.

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