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Mortgage News

Hillsborough man pleads guilty to mortgage fraud

November 6th, 2007

The Florida attorney general’s office announced on Monday that Michael Danish of Hillsborough County, who was arrested earlier this year for running a mortgage fraud scheme, has pleaded guilty. More »

Tax plan leaves unanswered questions

November 5th, 2007

Florida’s proposed property tax plan that goes before voters on January 29, leaves many unanswered questions. More »

Florida condos going commercial

November 5th, 2007

With the housing market still in a slump, a lot of Florida condo developers are switching their unbuilt projects over to commercial spaces. More »

Third Quarter Foreclosures almost double

November 2nd, 2007

U.S. residential foreclosure filings nearly doubled during the third quarter compared to the previous year. More »

New Florida Property Tax Amendment Explained

November 2nd, 2007

Okay, it’s official.  We finally have a new Florida Property Tax Amendment we will be voting on come January 29, 2008. More »

Rental prices are rising as home values drop

November 2nd, 2007

Even as home values and sales are decreasing, data shows that rental prices are rising in a majority of markets across the U.S. More »

The Fed lowers the federal funds rate 25 basis points

October 31st, 2007

As predicted, the Fed (Federal Reserve) announced today it would lower the federal funds rate 25 basis points (a quarter percent) to 4.5 percent. More »

Refinances boost mortgage applications last week

October 31st, 2007

Despite a demand in purchase mortgages, refinance loans pushed total mortgage applications higher last week according to the Mortgage Bankers Association. More »

Downtown Trump Tower Tampa given lawsuit extension

October 31st, 2007

The developers of the disastrous Trump Tower Tampa have been granted up to 65 more days to respond to the a lawsuit filed by Donald Trump. More »

Sebastian may stop certifying construction contractors

October 30th, 2007

Due to the downturn in construction, the city of Sebastian wants to stop certifying new construction contractors. More »