The recession and the subprime mortgage crisis hit Florida with hurricane force, leaving a wake of home foreclosures and more than 10 percent unemployment at its peak. Four years later, the state still works hard to build back its economic strength.
Published News » Subprime Mortgage Crisis
Slow but steady grows the Florida economy
Posted by mortgage 3 days ago (Editorial)
Mercury News interview: Paul Leonard, Center for Responsible Lending
Posted by mortgage 8 days ago (Editorial)
Center director forecast housing market's bubble before bust in 2007
Fidelity Bank posts quarterly loss, cites sale of mortgage-backed securities
Posted by mortgage 10 days ago (Editorial)
Fidelity Bank, the area?s third-largest bank by deposits, recorded a $6.65 million loss in the three-month period ending March 31.
Boston Fed: Housing crisis wasn?t industry?s fault
Posted by mortgage 16 days ago (Editorial)
The cause of the housing crisis wasn?t the financial industry deceiving mortgage borrowers and investors but instead overly optimistic beliefs about house prices, according to a research paper released by the Boston Fed.
AIG Wagers on Subprime Betting Second Time Different: Mortgages
Posted by mortgage 3 days ago (Editorial)
American International Group Inc. (AIG) , the insurer that needed a $182.3 billion bailout from the U.S. government in 2008 after failed mortgage investments, is betting this time it?s different.
Nevada's Housing Debt Outlook Gets Better
Posted by mortgage 10 days ago (Editorial)
Nevada had the second-highest mortgage delinquency rate in the nation in the first quarter at 11.16 percent, well above the national rate of 5.78 percent, TransUnion credit bureau reported Wednesday. While Nevada is still second only to Florida's 13.87
Mortgage mess a concern for BofA shareholders ? and protesters, too
Posted by mortgage 14 days ago (Editorial)
Shareholders making their way to Bank of America?s annual meeting in uptown Charlotte on Wednesday may find themselves weaving through scores of protesters angry over everything from coal-project financing to executive pay.
Despite Euro Fears, Stock ETFs are Not Dead
Posted by mortgage 10 days ago (Editorial)
Investors are scared to death of stocks and equity ETFs by extension on the lingering Eurozone debt crisis and fallout from the subprime meltdown. However, history shows the best times to buy are when ...
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