Bank of America employees regularly lied to homeowners seeking loan modifications, denied their applications for made-up reasons, and were rewarded for sending homeowners to foreclosure, according to sworn statements by former bank employees.... Read more»
The total value of home sales in Arizona rose over the last year even as the number of transactions slipped, real estate executives say, as foreclosed and distressed properties were moved off the market and the subsequent lower home inventories boosted prices.... Read more»
Not requiring mortgage lenders to take foreclosure cases to court is helping Arizona recover from the housing crisis faster than states that do, according to an Arizona State University researcher.... Read more»
After losing ground for four decades, middle America increasingly looks doomed. Here’s how it happened.... Read more»
Brisk demand and limited supply are helping to boost home prices in Arizona. For all of Arizona, the median price of a single-family home sold in August was $155,000, up from $116,050 in August 2011.... Read more»
Federal watchdog says mortgage giant had no coordinated plan to bet against homeowners, though Freddie held billions of dollars of investments that paid off if borrowers stayed stuck in high-interest loans.... Read more»
Homebuyers on the South Side can get down payment assistance of up to $15,000 under a program that runs through Nov. 30.... Read more»
The National Fair Housing Alliance, an advocacy group, filed a federal housing discrimination complaint Tuesday accusing Bank of America Corporation of dealing with foreclosed homes differently in neighborhoods with predominately Latino and black populations.... Read more»1
Arizona will use $57 million from its share of settlements with mortgage lenders to help people facing foreclosure stay in their homes and provide counseling, legal assistance and oversight, Attorney General Tom Horne said Monday.... Read more»
Arizonans still have a right to vote even though their home may be in foreclosure and their address may change before November, a voting rights group said Thursday.... Read more»
A study by government and academic researchers finds that approximately 800,000 homeowners missed out on mortgage modifications because of big banks’ poor performance.... Read more»1
June is homeownership month. Not surprisingly, this celebration has been more subdued for the past several years. No doubt, this is a time for introspection about homeownership. Here are a few of the more interesting results of a poll on the topic:... Read more»
A part of the 2013 Arizona budget bill that garnered “make the news” attention was the $50 million swept from the Attorney General’s Mortgage Settlement Fund. The budget takes over half of the settlement, $50 million, and diverts it to the General Fund.... Read more»
A federal judge has approved a $25 billion settlement between the nation’s five largest mortgage lenders and the attorneys general of 49 states and the District of Columbia over abuses in foreclosure processing.... Read more»
Banks are neglecting foreclosed homes in minority neighborhoods compared to those in white communities, according to a housing advocacy group.... Read more»1
Reducing mortgages would help keep hundreds of thousands of families in their homes, save Freddie Mac and Fannie Mae money and help taxpayers, the mortgage giants said.... Read more»
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