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Lawmakers, Brewer plan $50M sweep of money intended for foreclosure crisis
Housing advocacy organizations are crying foul over a proposed sweep of $50 million from a multistate mortgage settlement, and one group is threatening to sue to stop Gov. Jan Brewer and the Legislature from taking the money intended to ease the effects of a foreclosure crisis that hit Arizona harder than nearly any other state.
Arizona leaning toward joining $25 billion foreclosure settlement with banks
Arizona is one of a handful of states that have not yet agreed to a potential $25 billion mortgage settlement for suffering homeowners, but the state hopes to join soon, officials said.
Phoenix home price index falls 1.3 percent in August
Home prices are weakening around the country, even in metro areas that were showing strength earlier in the year. The biggest drop came in Phoenix. Prices there fell 1.3 percent from a month earlier.
