A three-judge panel is set to hear arguments on whether the state legislature had the right to take money out of a fund for struggling homeowners.

The Federal Housing Administration is expanding a program that it hopes will entice investors and help people avoid foreclosure. 

Housing advocates filed a lawsuit Thursday in Maricopa County Superior Court. They want a judge to stop the state from taking $50 million from a mortgage settlement to help balance the budget. From Phoenix, KJZZ’s Mark Brodie reports.

Arizona’s attorney general will likely face legal action over part of the state’s recently approved budget. 

State lawmakers have not yet started voting on the new state budget…but there’s already a threatened lawsuit over one of its provisions. From Phoenix, KJZZ’s Mark Brodie reports.

Arizonans who lost their homes to foreclosure, are at risk of foreclosure, or are now underwater on their loans stand to benefit most from a recent $25 billion dollar settlement with the nation’s l

The percentage of underwater home mortgages in Arizona has inched upward compared to a year ago.

Arizona will get more than $1.6 billion, as part of a $26 billion national settlement with five banks over abuses in the mortgage market. From Phoenix, KJZZ’s Mark Brodie reports.