Countrywide Financial reported a third-quarter loss of $1.2 billion citing losses on mortgages loans they could not sell as well as defaulted loans. (more…)

Bank of America announced on Wednesday it plans to cut 3,000 jobs just a week after announcing profits dropped 32 percent. (more…)

BankUnited Financial announced its fourth-quarter profits dropped 73 percent citing a housing slump and non-performing loans being eight times higher than a year ago. (more…)

The real estate market is affecting local banks in addition to the mortgage giants. (more…)

Citigroup announced a 57 percent profit drop for its third quarter, setting the stage for other big banks who are set to announce their earnings this week. (more…)

Countrywide announced that its mortgage closings in September are down 44 percent compared to September, 2006. (more…)

Bank of America is absorbing a charge-off of $1 billion in its upcoming third quarter earnings statement according to a Sanford Bernstein analyst. (more…)

The dramatic collapse of the nation’s mortgage markets has hit home in South Florida, with almost 800 people losing their jobs. (more…)

Property investors who fell prey to the real estate bubble may account for up to one-quarter of defaults on prime-quality home loans in Florida. (more…)

This much is clear: a Florida home loan lender headquartered in Clearwater is laying off employees. (more…)