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Down payment grants available for home buyers

If you are dreaming of buying a home, assistance from the Tucson NeighborhoodLIFT program might be just what you need. The program only has about 20 $15,000 grants remaining to provide mortgage down payment assistance for qualified homebuyers.... Read more»

Some banks pulling back from doing business on border

In late September, U.S. Sen. McCain wrote letters accusing Bank of America, Wells Fargo, Chase and Citigroup of scaling back services and closing branches in communities along the U.S.-Mexico border. ... Read more»3

Judge approves $25B foreclosure settlement

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»

Pima County warns about mortgage settlement scams

The Pima County Housing Center is warning homeowners about potential scams related to February's $25 billion mortgage settlement.... Read more»

Az to get $1.6B in foreclosure settlement

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

Az closer to joining possible $25B foreclosure settlement

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»

Whistleblowers ignored, punished by lenders

Sixty-three former employees at 20 financial institutions say they were fired or demoted for reporting fraud or refusing to commit fraud. Their stories were disclosed in whistleblower claims with the U.S. Department of Labor, court documents or interviews with iWatch News.... Read more»

Analysis

Mortgage servicers spend millions on political contributions

As the financial markets roil, one of the critical factors weighing down the U.S. economy is the flood of home foreclosures. Thursday's crash underscores how difficult it will be for the economy to make significant strides while the housing market is still in tatters. ... Read more»

Analysis

Bank investigations peter out, execs unprosecuted

No top banking executives have been successfully prosecuted in connection with the financial crisis: not for making the bad loans that fed the mortgage machine, not for lying about the quality of the mortgages, and not for foreclosing improperly when homeowners struggled to make loan payments.... Read more»

Wells Fargo’s plan to squeeze fees from customers

Banks will go to great lengths to protect overdraft fees, which are big business. Banks make more on those fees than they do on penalties from credit cards. ... Read more»

Latinos face cultural, structural barriers in building wealth

75 percent of Mexican immigrants – legal and illegal – don't have bank accounts. A lack of legal identification, a history of mistrusting banks in their home country and the perceived complexities of banking in another language keep many outside the financial system, with long-term effects.... Read more»