Florida Home Loan

Levitt & Sons allowed to abandon home lots

Eric Hochberger — Wed, 28 Nov 2007 22:46:58 +0000

Fort Lauderdale based home builder, Levitt and Sons received permission from the bankruptcy court to walk away from 4,000 residential lots that served as collateral on loans from Bank of America and KeyBank. (more…)

Existing home sales drop eighth month

Eric Hochberger — Wed, 28 Nov 2007 22:41:18 +0000

Existing home sales across the U.S. dropped for the eighth consecutive month in October. Medium home prices also fell with a record drop according to the National Association of Realtors. (more…)

Mortgage applications decline

Eric Hochberger — Wed, 28 Nov 2007 22:37:40 +0000

Applications for new mortgage applications fell last week according the Mortgage Bankers Association’s seasonally adjusted index of mortgage applications. (more…)

Sarasota-Brandenton home sales lowest drop in Florida

Eric Hochberger — Tue, 27 Nov 2007 19:46:19 +0000

While the rest of Florida saw a 29 percent drop in home sales during the third quarter, Sarasota-Brandenton home sales only dropped 5 percent during the third quarter. (more…)

Construction of single family homes at a 16 year low

Eric Hochberger — Tue, 27 Nov 2007 17:38:42 +0000

Construction of single-family homes in October dropped to the lowest level in 16 years according to a report by the Commerce Department. (more…)

Greg Norman asking $65 million for Jupiter Island home

Eric Hochberger — Tue, 27 Nov 2007 17:26:59 +0000

Professional golfer Greg Norman is seeking a record-high $65 million for his Jupiter Island home which he recently put on the market. (more…)

Fannie Mae accounting problems again

Eric Hochberger — Mon, 19 Nov 2007 21:55:13 +0000

Fannie Mae’s accounting practices are being called into question by Wall Street again, this time over how it calculates potential losses from mortgages. (more…)

House passes new mortgage lending bill

Eric Hochberger — Fri, 16 Nov 2007 19:08:25 +0000

The U.S. House of Representatives passed a new mortgage lending bill (H.R. 3915) on Thursday evening by a 291-127 vote. (more…)

Mortgage Applications at a one year high

Eric Hochberger — Fri, 16 Nov 2007 18:36:00 +0000

Demand for mortgage loans is at a one year high, as U.S. mortgage applications rose last week according to the Mortgage Bankers Association. (more…)

Fort Lauderdale and Miami top ten cities for foreclosures

Eric Hochberger — Thu, 15 Nov 2007 16:55:36 +0000

Cities in California, Florida, and Ohio dominated the top 25 U.S. cities with the highest foreclosure rates according to a report released by RealtyTrac on Wednesday. (more…)