A single mom with a steady job and two extra small incomes a month has been at my full-time job for eight years and her previous job for 11. (more…)

U.S. bank regulators Friday tightened standards for national and Florida mortgage lending in a bid to curtail risky practices that have been blamed for a record level of foreclosures. (more…)

The bad credit Florida mortgage problem will worsen over the next year, as the rate of loan delinquencies could rise further, an influential fund manager specializing in mortgage backed securities said on Wednesday. (more…)

Subprime lenders have yet to learn from their mistakes.

According to a consumer advocate group, abuses persist industry wide, despite the recent bad credit Florida mortgage meltdown. (more…)

As late payments and new foreclosures on adjustable-rate Florida mortgages made to people with spotty credit spiked to all-time highs in the first three months of this year, the Federal Reserve is considering reforms to crack down on lending abuse. (more…)

The companies that service subprime loans are becoming more willing to keep struggling borrowers in their homes by modifying the terms of their Florida mortgages, according to a report by Fitch Ratings. (more…)

Imagine you’re a homeowner - and you discover that instead of the expensive subprime Florida mortgage loan you signed on for, you actually qualified for a prime mortgage with much lower interest rates. (more…)

Angelo Mozilo, the butcher’s son who built Countrywide Financial Corp. into the largest national and Florida mortgage lender in the United States, was in no mood for soul-searching over the subprime home crisis. (more…)

Use of unverified income data in making Florida mortgage loans to borrowers with poor credit histories should be the exception rather than the rule. (more…)

The bad apples did it. (more…)