Reports indicate that several parties, including Warren Buffet, are interested in purchasing part of Bear Stearns, the investment bank who has seen a lot of trouble by the sub-prime collapse.  (more…)

According to U.S. Housing and Urban Development Assistant Secretary Darlene Williams, the rate at which US mortgages are defaulting is stabilizing. (more…)

Former Federal Reserve Chairman, Alan Greenspan, acknowledged in a recent interview that he was unaware of the impact subprime lending practices would cause. (more…)

Tens of thousands of homeowners looking to get out from under the crumbling walls of the bad credit Florida mortgage collapse have found refuge in a variety of programs. (more…)

Fannie Mae, the nation’s largest source of home loan funding, increased its share of risky subprime national and Florida mortgage loans through 2006, although to a smaller degree than other institutions. (more…)

The International Conference of Shopping Centers chief told area developers and retailers that the meltdown in the bad credit mortgage market will reverberate to Florida, but there is no need for hysteria. (more…)

Senate Banking Committee Chairman Chris Dodd said he is drawing up legislation to strengthen subprime mortgage lending standards amid a credit crunch that has shaken financial markets around the world. (more…)

Troubles in Florida mortgage land may get worse before they get better, especially for the so-called subprime borrowers whose spotty credit histories put them into more costly loans. (more…)

Earlier this week, the Mortgage Bankers Association released the results of two surveys covering the national and Florida mortgage world in the second half of 2006. (more…)

It won’t mean the end to stated-income loans or high-risk mortgages for subprime buyers, but new guidance from regulators will certainly cut down their availability considerably. (more…)