The federal government’s 15-month-old home-loan modification program has not been the foreclosure rescue plan many Phoenix-area homeowners expected.
Slow lender response, piles of paperwork and drawn-out trial periods have frustrated many struggling homeowners. more…
If you ask Liz Dawn Donahue, she will say that the failed Reflections on the Canal project does not reflect well on her downtown neighborhood.
She is angry that the townhouse and condominium project has disrupted the area southwest of the Arizona Canal and Chaparral Road for close to five years. Donahue is still looking at construction fencing and vacant lots. more…
Jerry Colangelo was on his way to dinner at the Wigwam Golf Resort and Spa in March when a group of golfers watching an NBA game at a lobby bar recognized him.
The former owner of the Phoenix Suns and Arizona Diamondbacks asked the guests where they were going for dinner. more…
Financial-reform legislation being debated in Congress aims to rein in the wild use of derivatives on Wall Street. Yet if certain proposals become law, everyday companies, including many in Arizona, also could get hog-tied.
Provisions involving derivatives are among the most contested parts of the legislation. They could open up the nebulous derivatives market to more scrutiny, force banks to spin off a lot of their business and push more trading onto exchanges. more…