Bank of America announced on Wednesday it plans to cut 3,000 jobs just a week after announcing profits dropped 32 percent. (more…)

BankUnited Financial announced its fourth-quarter profits dropped 73 percent citing a housing slump and non-performing loans being eight times higher than a year ago. (more…)

U.S. sales of existing homes fell 8 percent in September to a record low according to the National Association of Realtors. (more…)

The number of U.S. mortgage applications advanced last week according to The Mortgage Bankers Association. (more…)

U.S. lawmakers are considering home loan reforms that would help prevent the current problems we’re having from happening again. (more…)

Countrywide Financial has offered to help refinance or restructure up to $16 billion worth of adjustable rate mortgages through 2008. (more…)

Think foreclosure numbers look bad now?  Mortgage foreclosures can take up to years due to Florida’s foreclosure laws. (more…)

The real estate market is affecting local banks in addition to the mortgage giants. (more…)

U.S. mortgage applications have increased for a second straight week in a row according to the Mortgage Bankers Association. (more…)

The 700-unit Riviera Southshore condo projects on the Manatee River is facing foreclosure and the developer is still not commenting on how he plans to carry on with the project. (more…)