Little can be done to change the terms of bad credit Florida mortgages to prevent foreclosure because of the way loans that were packaged and sold to Wall Street investors. (more…)
Federal Reserve Chairman Ben Bernanke said last week that the financial system can withstand the fallout from the bad credit Florida mortgage market “without serious problems.” (more…)
A federal bailout is the wrong way to deal with a wave of foreclosures in the national and Florida mortgage market, the secretary of the Department of Housing and Urban Development said on Monday. (more…)
CNBC columnist Diana Olick received a curious press release from the National Association of Realtors, the headline of which reads: NAR Partners with Center for Responsible Lending and Neighborworks America to Keep Families in Their Homes. (more…)
Sales of existing homes in Florida remained at a sustainable pace in March, with buyers continuing to see favorable Florida mortgage rates and a range of housing options available in Palm Beach County and across the state.
When a Florida mortgage broker convinced Erik Zapata he could own a home, he quickly signed on the dotted line.
As state lawmakers rush to reform lending practices that have contributed to a recent surge of national and Florida home mortgage defaults and foreclosures, consumer advocates say these efforts fall short of what is truly needed: a federal law protecting home buyers.
Bad credit Florida mortgage lenders created a surge in delinquencies in the past year by repeatedly breaking their own underwriting guidelines to capture business, analysts said on Monday.
Twanda Thompson doesn’t want to lose her home. But unless she can solve her Florida mortgage woes, she and her four children may have to start looking for an apartment.
Anyone looking to point a finger of blame for the meltdown in the bad credit Florida mortgage market may need more than two hands. It took the action, and the inaction, of many players to produce today’s mess, which threatens to slow the U.S. economy drastically.
