mortgage http://knau.org en Arizona Population Growth Equals Economic Recovery http://knau.org/post/arizona-population-growth-equals-economic-recovery <p>A panel of economists said Wednesday they believe the state’s economic future appears to be a chicken-and-egg situation. Arizona Public Radio’s Howard Fischer explains.</p><p> Thu, 05 Dec 2013 16:35:31 +0000 Howard Fischer 40582 at http://knau.org Arizona Population Growth Equals Economic Recovery Attorney Asks Court to Block Grab of Mortgage Settlement Funds http://knau.org/post/attorney-asks-court-block-grab-mortgage-settlement-funds <p>An attorney for housing rights groups and distressed homeowners asked the state Court of Appeals today to block lawmakers from taking some funds he said are earmarked for them.</p> Mon, 26 Nov 2012 19:59:35 +0000 Howard Fischer 23849 at http://knau.org Bankers Beat Back Efforts at Mortgage Relief in AZ http://knau.org/post/bankers-beat-back-efforts-mortgage-relief-az <p>About half of all Arizona mortgages are under water, meaning owners owe more than the property is worth. This proposal was aimed at helping those who continue to make payments rather than simply walk away. It is a bit complex, involving the state using its power of eminent domain to acquire the property, paying the bank the current market value with money from investors who buy state bonds, and giving the lender a no-interest promissory note for the balance. That buys the homeowner some time for the market to recover. Thu, 15 Mar 2012 16:56:47 +0000 Howard Fischer 10791 at http://knau.org National Mortgage Fraud Setttlement Brings in More than $1Billion to AZ http://knau.org/post/national-mortgage-fraud-setttlement-brings-more-1billion-az <p>Arizonans will divide up about $1.6 billion as the state&#39;s share of a nationwide mortgage fraud settlement with five major lenders.&nbsp;</p><p>The $26 billion national settlement absolves the five claims that banks&nbsp;acted improperly and illegally in dealing with homeowners who sought mortgage relief. The biggest chunk for Arizona -- about $1.3 billion -- will go to directly helping those who are underwater on their mortgages, owing more than the property is worth.</p> Thu, 09 Feb 2012 20:54:47 +0000 Howard Fischer 8910 at http://knau.org National Mortgage Fraud Setttlement Brings in More than $1Billion to AZ