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Debt collectors have made a fortune this year; now they’re coming for more

After a pause for the pandemic, debt buyers are back in the courts, suing debtors by the thousands.... Read more»

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Report: Arizona had highest 'housing loss' rate; more evictions coming

Arizona had the highest rate of “housing loss” in the nation, according to a new national study, and that was before what experts called a “tsunami of evictions” that is expected to hit this fall.... Read more»

What the Devil won't tell you

Quick take: Putting Trump's tax losses into local perspective

By now we have heard a lot about Donald Trump's tax write-offs, but do we really understand the hypocrisy of the tax code? In Tucson, thousands suffered through major financial losses when their homes were foreclosed during the Great Recession. They actually got taxed on their losses; those at Trump's level can write off their losses against future income for years.... Read more»

Report: Foreclosure filings in Az at lowest level since 2006

New foreclosure filings in Arizona have fallen to the lowest level in seven years, a sign of a recovering housing market, according to RealtyTrac, a real estate information company.... Read more»

Comic:

Coming up empty

Cartoonist Matt Davies turns his attention to the narrow way in which national security is evaluated and marvels at how much is looked at without being seen.... Read more»

Bank of America

BofA lied to homeowners & rewarded foreclosures, former employees say

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»

Az housing market slow, but prices rising

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»

Prof.: Not requiring court OK of foreclosures aided Az recovery

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»

America's middle class: An endangered species?

After losing ground for four decades, middle America increasingly looks doomed. Here's how it happened.... Read more»

Real estate

Limited supply, growing demand boosting Az home prices

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»

Freddie Mac didn’t set out to profit from homeowners trapped in high-rate mortgages

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»

South Side homebuyers may get down payment help

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»

Advocacy group: Minority foreclosures get poor treatment from banks

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

Horne: $57M from mortgage settlement will help Az homeowners

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»

Foreclosure-forced moves no bar to voting

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»

Foreclosure fail: Study pins blame on big banks

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

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