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To clamp down on the bad mortgage deals that inflate Valley home prices, state lawmakers gave their final approval Monday to a bill that would make mortgage fraud a felony. If Gov. Janet Napolitano signs the bill, Arizona would be one of the first states with a law specifically criminalizing residential mortgage fraud. The legislation targets cash-back deals in which a buyer receives a loan for more than a house is worth and keeps the extra cash. The deals can hurt lenders financially and inflate other house values. More…