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Bank of America Begins Mortgage Reduction Effort

Bank of America is reaching out to thousands of homeowners in an attempt to reduce principal on home loans as a result of a $25 billion settlement with 49 state attorneys general and federal authorities.

Arizona House and Senate OK Budget

The Arizona House and Senate approved a stay-the-course budget that will allow for the reversal of some previous belt tightening measures as well as a rainy day fund. Read more at azcentral.com.

Judge Orders Woman To Return Winnings From Lottery Ticket She Found in Garbage

An Arkansas judge has ruled that a woman who found a $1 million lottery ticket in a convenience store garbage can must return the winnings to the person who discarded the ticket.

Fannie and Freddie Departures Cause Concern

Concerns are rising over the recent defections of key executives at Fannie Mae and Freddie Mac.

Phoenix Housing Market Becoming More Volatile

Even as news broke this week that home ownership in America has fallen to its lowest level in 15 years, the Phoenix housing market continues to surge. While increased demand bodes well for a recovery, there are concerns that it may be too much, too soon. Click here to read Phoenix Business Blog article.

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