The subprime mortgage crisis and housing slump are sparking an increase in lawsuits as foreclosures, bankruptcies and meltdowns from the slowdown mount — especially in hard-hit
The subprime mortgage fiasco is having a significant impact on more than just the real estate market. Even Arizona’s public schools are feeling the pinch. more…
While
WASHINGTON (AP) — World financial leaders facing the gravest economic crisis in at least a decade are pledging tighter control of banks and other financial institutions and hoping the U.S. slump is short. more
WASHINGTON - Americans with mortgages exceeding the value of their homes face long odds of getting help under an expanded Bush administration program aimed at helping distressed borrowers. more…
Existing-home sales across metropolitan
An 832-unit apartment complex in
WASHINGTON - Even supporters acknowledge that the Senate’s housing bill is a partial fix for growing problems in the residential real-estate market. more…
WASHINGTON - U.S. regulators should bar Moody’s Investors Service and Standard & Poor’s from rating mortgages packaged and sold as securities if the companies can’t prove they’ve adequately reviewed the risk of fraud or default related to the underlying loans, a consumer group said. more…
Ownership of a parking garage has become a battle between influential downtown Phoenix players, and, in the end, representatives of the Phoenix Suns and Arizona Diamondbacks are likely to get to control the game. more…
Gilbert-based UTAZ Development Corp., which broke ground on its 19th office-condominium project in town in late March, isn’t concerned about a down economy. more…
Big-name developers and a slew of Fortune 500 companies have descended on Deer Valley in recent years, transforming the once-sleepy corner of north Phoenix into one of the region’s up-and-coming office corridors. More…
Glendale’s signature street is among the city’s oldest, and it shows. more…
NEW YORK - Investors are hoping that a possible $5 billion cash deal for Washington Mutual Inc. and other recent financing moves are signals that credit is finally loosening up again. more…
The Census Bureau’s population estimates for 2007 showed
The Air Force is close to concluding a successful four-year effort to protect Luke Air Force Base from residential encroachment, according to a spokesman. more…