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	<title>Arizona Capitol Times &#187; Banking &amp; Finance Aug. 2009</title>
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	<description>Your Inside Track to Arizona Politics</description>
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		<title>Fraudulent flipping: State agency gets extended power to battle mortgage scams&#160;</title>
		<link>http://azcapitoltimes.com/news/2009/08/21/fraudulent-flipping-state-agency-gets-extended-power-to-battle-mortgage-scams/</link>
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		<pubDate>Fri, 21 Aug 2009 14:00:25 +0000</pubDate>
		<dc:creator>Bill Coates</dc:creator>
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		<category><![CDATA[Banking & Finance Aug. 2009]]></category>
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		<category><![CDATA[Arizona Department of Financial Institutions]]></category>
		<category><![CDATA[Felecia Rotellini]]></category>
		<category><![CDATA[mortgage fraud]]></category>
		<category><![CDATA[Tanya Wheeless]]></category>
		<category><![CDATA[Tom Giallanza]]></category>

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		<description><![CDATA[The housing bubble in Arizona became a cash cow for the unscrupulous. Up until the bubble burst in late 2008, crooked investors and people involved in writing up loan documents bilked banks and homeowners out of millions.]]></description>
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		<title>Are struggling community banks prepared for a new threat?&#160;</title>
		<link>http://azcapitoltimes.com/news/2009/08/21/are-struggling-community-banks-prepared-for-a-new-threat/</link>
		<comments>http://azcapitoltimes.com/news/2009/08/21/are-struggling-community-banks-prepared-for-a-new-threat/#comments</comments>
		<pubDate>Fri, 21 Aug 2009 14:00:01 +0000</pubDate>
		<dc:creator>Don Harris</dc:creator>
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		<category><![CDATA[Banking & Finance Aug. 2009]]></category>
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		<category><![CDATA[Arizona Department of Financial Institutions]]></category>
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		<category><![CDATA[Felecia Rotellini]]></category>
		<category><![CDATA[mortgages]]></category>
		<category><![CDATA[real estate]]></category>

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		<description><![CDATA[Most community banks in Arizona are losing money, lending is down, and a veteran banker concedes that every day is a challenge.

It was a little too challenging for two Arizona banks, which were closed by state and federal regulators Aug. 14. A third bank is operating under federal orders to improve what were found to be “unsafe and unsound banking practices.”]]></description>
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