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Wheeless sees fewer, healthier banks when crisis ends
For Tanya Wheeless, the past six years have been a roller coaster ride, from the historic crest of banking activity to the low point at which traditional stalwarts of the financial industry ran completely off the rails.
Financial Institutions agency seeks self-funding
The demands placed on the Arizona Department of Financial Institutions grew rapidly with the state's booming housing market, and haven't abated much with the subsequent bust. What's more, the state's crippling budget crisis has stripped the department of some of its resources at a time when it needs them most.
Fraudulent flipping: State agency gets extended power to battle mortgage scams
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.
Bankers won’t oppose repeal of foreclosure bill
Prescott Republican Sen. Steve Pierce has endorsed the repeal of S1271, a measure he shepherded through the Legislature in what he describes as an effort to provide some shelter to community banks that have been pummeled by waves of foreclosures.
