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Mortgage News

Another Florida Home Builder considers bankruptcy

November 15th, 2007

Hollywood home builder Tousa is considering following Fort Lauderdale home builder Levitt and Sons and filing Chapter 11 Bankruptcy. More »

Mortgage Insurance companies facing billions worth of claims

November 13th, 2007

Although most attention turns towards homeowners and mortgage lenders during the housing slump, private mortgage insurance companies that insure the loans are facing billions in expected payout next year. More »

Global subprime mortgage losses may exceed $300B

November 13th, 2007

According to Deutsche Bank AG analysts, losses from the subprime mortgage defaults may reach between $300 billion to $400 billion worldwide. More »

Fort Lauderdale home bulder Levitt and Sons files for bankruptcy

November 12th, 2007

As of last Friday, Fort Lauderdale based home builder, Levitt and Sons became the nation’s largest home builder to file for bankruptcy. More »

National disaster relief fund to ease homeowners insurance premiums

November 9th, 2007

The U.S. House passed a bill to create a national fund to cover mega-disasters on Thursday. More »

Fannie Mae lost $1.52 billion third quarter

November 9th, 2007

Fannie Mae posted a third quarter loss of $1.52 billion was double the loss from a year ago during the same quarter. More »

Miami-Dade Mortgage Task Force reports progress

November 8th, 2007

Miami Mayor Carlos Alvarez’s Mortgage Fraud Task Force met Wednesday to discuss their progress on the war against real estate fraud in South Florida. More »

Orlando Star Tower Condo gives high-profile group a tour

November 8th, 2007

The 100-unit high rise, the Star Tower Condo located in downtown Orlando gave a tour on Wednesday afternoon to several high profile movers and shakers. More »

UK Real Estate Fund buying in Sarasota

November 7th, 2007

A new United Kingdom-based real estate fund, helped by a pair of Saraosta real estate agents, is being organized to buy property in Sarasota. More »

US Mortgage Applications decrease

November 7th, 2007

After U.S. mortgage applications increased five weeks in a row, applications for U.S. home mortgages fell for the first time. More »