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»
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»
Tucsonans faced with the loss of a home can attend a free foreclosure prevention workshop March 10 hosted by U.S. Rep. Raúl Grijalva.... Read more»
An in-depth guide to how Santorum, Mitt Romney, Paul and Newt Gingrich say they would approach the foreclosure crisis as president, as well as an evaluation of their claims.... Read more»
Thanks to government-owned Fannie Mae and Freddie Mac, most homeowners won’t qualify for a break on their mortgages.... Read more»
Arizona will receive $1.6 billion of a $25-billion multistate settlement with five banks over mortgage lending practices and foreclosures, giving many borrowers some relief, the state Attorney General’s Office announced Thursday.... Read more»1
Arizona is one of a handful of states that have not yet agreed to a potential $25 billion mortgage settlement for suffering homeowners, but the state hopes to join soon, officials said.... Read more»
Some might say that getting back the capitol buildings’ paper is just symbolic nonsense for the sake of the state’s centennial. And sentiment is a bad reason to pursue any policy. But this is more than a feel-good idea.... Read more»
A recent set of speeches and announcements by the president and other senior administration officials mark out important new economic initiatives likely to underpin the president’s State of the Union address on Tuesday.... Read more»1
The Securities and Exchange Commission filed suit against six former top executives from Fannie Mae and Freddie Mac in Manhattan federal court on Friday, for allegedly misleading investors about the size of the companies’ subprime mortgage holdings.... Read more»
There are nine simple steps that policymakers can take immediately to reduce inequality, get our upside-down economy back on its feet, and begin restoring the promise of the American Dream.... Read more»3
Four years after the housing market collapse triggered a wave of defaults, the worst may be yet to come for homeowners, and minorities are most at risk, according to a new study.... Read more»1
First-time homebuyers and veterans in Pima County may be eligible for a low-interest rate on 30-year fixed mortgages, but those hoping to get on the program will have to do so by Dec. 31.... Read more»
First-time homebuyers, veterans and others looking to purchase homes in one of 19 targeted census tracts in Pima County may be eligible for $8,500 in down payment assistance and a 3.5 percent interest rate on a 30-year fixed-rate mortgage.... Read more»
In a new report , the FBI pats itself on the back for using “sophisticated investigative techniques” to target mortgage fraudsters. Not everyone is impressed. Consumer advocates say the FBI is turning a blind eye to misconduct by big banks.... Read more»
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