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.
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Slow but steady grows the Florida economy
Posted by mortgage 6 days ago (Editorial)
Obama touts mortgage aid program, urges Congress to expand it
Posted by mortgage 11 days ago (Editorial)
RENO ? President Obama rolled into a modest hilltop neighborhood here to champion his efforts to help underwater homeowners get back on their feet ? and to urge Congress to do more. Standing outside the house of Val and Paul Keller, who have watched the value of their home plummet well below the amount they owe on their mortgage, Obama announced a dramatic spike in the number of Americans ...
?NeighborhoodLIFT? Program to Boost Florida Housing Market with $30 Million Investment
Posted by mortgage 12 days ago (Editorial)
Wells Fargo & Company , one of America?s leading community banks and the nation?s largest home mortgage lender, today announced that the NeighborhoodLIFTSM program, a major effort to help stabilize neighborhoods deeply affected by the foreclosure crisis, is coming to Florida.
Wells Fargo Rules Mortgage Biz
Posted by mortgage 18 days ago (Editorial)
The nation's leading home lender, Wells Fargo & Company has achieved a milestone by recording the biggest market share in mortgage originations in the first quarter of 2012.
New Rules in the Works for Mortgage Servicers
Posted by mortgage 37 days ago (Editorial)
New rules are being considered by the Consumer Financial Protection Bureau to hold the mortgage industry more accountable to their customers.
New Rules Proposed for Mortgage Servicers
Posted by mortgage 42 days ago (Editorial)
The federal government is proposing new rules to make sure mortgage servicers treat borrowers fairly.
Consumer Bureau Planning New Rules For Mortgage Servicers
Posted by mortgage 43 days ago (Editorial)
The banks and other firms that collect payments from mortgage borrowers and handle their defaults are drawing scrutiny from a new U.S. regulator, following widespread abuses in home foreclosures during the housing crisis.
Sheila Bair is still not happy with Obama on housing
Posted by mortgage 55 days ago (Editorial)
By now, Sheila Bair must be used to feeling like a Cassandra. As head of the FDIC, she warned bank investors and Bush?s Treasury Department about the coming subprime crisis in 2007, only to have her concerns brushed aside. Bair, a Republican, then urged the Obama administration to move aggressively and pour money into mortgage modifications, but it was only after she left office in July that the
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