Last year the state of Arizona started the Save My Home AZ program with $125 million from the Obama administration. And now, nearly a year later, the program has saved exactly ONE home: [Thanks M!] Of the 1,055 Arizona homeowners who have applied, only one has qualified for help from the program. A National Bank borrower is slated to get $40,000 knocked off a distressed home loan. Executive Vice President Greg Wessel declined to give details about the borrower, but he said two or three more are up for approval.
