INTEREST RATESJust how far will the Federal Reserve go in lowering interest rates to save the country from a long and painful recession? Interest rates, which directly affect ARMs and influence FRMs, could go as low as 0 percent.Read the full story:http://www.floridarealtors.org/NewsAndEvents/n5-
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10/31/2008
MORTGAGESWith lenders being more cautious and making more demands of borrowers, even homebuyers with good credit are having trouble getting mortgages with terms they find attractive.Read the full story:http://www.floridarealtors.org/NewsAndEvents/n5-103008.cfm
10/30/2008
INTEREST RATESThe Federal Reserve is widely expected to cut a key interest rate by a half-point today, pushing its target for the interest banks charge each other on overnight loans down to a level rarely seen. "The Fed is going to send a very strong signal that they will do whatever it takes to
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10/29/2008
INTEREST RATESWhen the Federal Reserve meets this week, policymakers are widely expected to lower interest rates - perhaps to their lowest point in more than four years - with the hope of relieving some of the economic pain felt by many Americans. Any Fed rate cut would be aimed at cushioning the
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10/27/2008
Rates on 30-year U.S. mortgages dropped sharply this week, falling to the lowest level in five weeks.Read the Full Story: http://www.floridarealtors.org/NewsAndEvents/n2-102408.cfm
10/24/2008
HUD AIDIn Florida, 48 local and county governments will receive HUD funding earmarked for foreclosure relief. It can be used, among other things, to buy foreclosed homes, demolish or rehabilitate abandoned property, or offer downpayment and closing-cost assistance to certain homebuyers.Read the f
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10/23/2008
FORECLOSURESThe number of homeowners ensnared in the foreclosure crisis grew by more than 70 percent in the third quarter of 2008 compared with the same period in 2007, according to data released Thursday. One bright spot: Filings in September were actually down 12 percent from August.Read the fu
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10/23/2008
TALLAHASSEE, Fla. - Oct. 22, 2008 - In recognition of National Protect Your Identity Week, Oct. 19-25, Attorney General Bill McCollum issued a consumer advisory warning Floridians about mortgage fraud-related identity theft. Mortgage fraud occurs when "straw borrowers" are recruited to perpetuate
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10/22/2008
FORECLOSURESMany renters in Florida and elsewhere have become victims of the mortgage crisis through no fault of their own: They're forced to move because the property owner is in foreclosure. However, a few states recently passed or proposed laws to protect renters by requiring mortgage holders
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10/21/2008
MORTGAGE FRAUDNew data from the Justice Department shows that federal prosecutors and investigators have launched 151 criminal investigations of potential mortgage fraud at financial institutions since October 2007, with almost half of the cases based in South Florida.Read the full story:http://w
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10/20/2008
