Mortgage
Miami Realtor Wins FAR’s 2008 Realtor Achievement Award
October 17, 2008 Posted by Florida RealEstateRama
ORLANDO, FL - October 2008 - (RealEstateRama) — Nancy Hogan, a member of the Realtor® Association of Greater Miami and the Beaches, has been recognized for winning Florida’s 2008 Realtor Achievement Award by the 125,000-member Florida Association of Realtors® (FAR). The award was presented at FAR’s recent 92nd annual Convention & Trade Expo in Lake […]
MORTGAGE BROKER AND PASTOR CHARGED WITH BILKING CONSUMERS IN $1 MILLION SCHEME
September 19, 2008 Posted by Florida RealEstateRama
JENSEN BEACH, FL - September 19, 2008 - (RealEstateRama) — A Florida mortgage broker and her husband, a pastor and popular radio show host, are facing numerous felony charges stemming from a state investigation that found the couple allegedly scammed consumers in a real estate investment scheme.
REP. BROWN-WAITE’S LEGISLATION TO PROTECT VETERAN MORTGAGE BENEFITS PASSES U.S. HOUSE
September 16, 2008 Posted by Florida RealEstateRama
Brown-Waite Bill Included as Part of Broader Veteran Benefit Measure
Washington, D.C. - September 16 - (RealEstateRama) — U.S. Representative Ginny Brown-Waite (FL-05) today announced that H.R. 6832, the Veterans’ Construction and Extensions Act, passed the House late last week on a bipartisan voice vote. In addition to other veteran related issues, H.R. 6832 included Rep. Brown-Waite’s […]
Mack Denounces Fannie Mae / Freddie Mac Takeover
September 11, 2008 Posted by Florida RealEstateRama
“The recent takeover of Fannie Mae and Freddie Mac goes against everything I stand for as a conservative… It is nothing less than the nationalization of the mortgage industry.” – Congressman Connie Mack
WASHINGTON, D.C. - September 10, 2008 - (RealEstateRama) — Congressman Connie Mack (FL-14) today denounced the U.S. Treasury Department’s takeover of mortgage giants […]
6 Miami-Dade Mortgage Fraud Defendants Plead Guilty To Roles In $17 Million Mortgage Fraud Enterprise
August 18, 2008 Posted by Florida RealEstateRama
TALLAHASSEE, FL - August 18, 2008 - (RealEstateRama) — Attorney General Bill McCollum today announced that six South Florida individuals have pleaded guilty to their roles in a criminal mortgage fraud operation that defrauded several financial institutions out of more than $17 million.
Florida Attorney General Files Lawsuit Against Countrywide Financial
July 1, 2008 Posted by Florida RealEstateRama
Lawsuit alleges deceptive marketing of loans to boost company profits
TALLAHASSEE, FL – Attorney General Bill McCollum today announced that his office has filed a lawsuit against Countrywide Financial, one of the nation’s largest mortgage companies, for allegedly engaging in deceptive and unfair trade practices.
HOPE NOW Adopts New Guidelines to Speed Help to Homeowners Facing Foreclosure
June 23, 2008 Posted by Florida RealEstateRama
HOPE NOW, the industry alliance of mortgage lenders, servicers, investors, and counselors, today announced that its servicer members have agreed to a uniform set of procedures and guidelines that will greatly enhance the ability of homeowners to quickly receive the help they need and ensure that the assistance process is respectful, understandable, and transparent.
Mortgage Contracting Services Experiences Strong First Quarter Growth
May 5, 2008 Posted by Florida RealEstateRama
TAMPA, Fla., April 29 /PRNewswire/ — Mortgage Contracting Services (MCS), a provider of property preservation and inspection services for the mortgage industry, today announced continued growth as it closes the first quarter.
Martinez: Congress Must Take Additional Steps to Help Stem Mortgage Crisis
April 14, 2008 Posted by Florida RealEstateRama
Senator urges bipartisan cooperation to address issues affecting homeowners and larger economy
WASHINGTON - U.S. Senator Mel Martinez (R-FL) today called for quick action by Congress to address the ongoing mortgage crisis affecting Florida and the nation. In a speech on the Senate floor, Martinez called for specific solutions to help alleviate the fallout of the […]
Florida’s existing home sales remain slow in February 2008
March 24, 2008 Posted by Florida RealEstateRama
ORLANDO, Fla. – March 24, 2008 – Turmoil in the mortgage market continued to impact Florida’s housing sector in February. Statewide, sales of existing single-family homes totaled 8,310 last month while 11,132 homes sold in February 2007 for a decrease of 25 percent in the year-to-year comparison, according to the Florida Association of Realtors® (FAR).
Mortgage meltdown dampens state’s commercial real estate outlook
March 19, 2008 Posted by Florida RealEstateRama
GAINESVILLE, Fla. – March 19, 2008 – Fallout from the subprime meltdown is now spreading from the residential to commercial real estate sectors, but the outlook for Florida remains stable because of the fundamentals of good climate and in-migration, according to the latest University of Florida survey.
A rising mortgage rate could nullify future price drops
March 3, 2008 Posted by Florida RealEstateRama
ORLANDO, Fla. – March 3, 2008 – Too many buyers are focusing on home prices and waiting to jump into the market, afraid that a property bought today will be worth less tomorrow. But rising mortgage rates should also be a concern, and many potential buyers could find themselves out of luck if they wait […]
THOUSANDS OF FLORIDIAN HOMEOWNERS COULD BENEFIT FROM NEW GOVERNMENT PROGRAM
February 27, 2008 Posted by Florida RealEstateRama
HUD Secretary tours Fulfillment Center to promote safety and affordability of FHA-backed mortgages
JACKSONVILLE - Thousands of Floridians are benefiting from a new government-backed mortgage refinancing resource, and many more can still be helped, U.S. Housing and Urban Development Secretary Alphonso Jackson announced today. Following a tour of Bank of America’s government lending fulfillment center, Jackson highlighted […]
‘In-Default’ Homeowners Take Their Lenders to Court
February 12, 2008 Posted by Florida RealEstateRama
Outreach Housing network opens nearly 500 cases against fraudulent lending institutions
MARGATE, Fla., Feb. 8 /PRNewswire/ — Just one month ago, Outreach Housing LLC (http://outreachhousing.org) officially unveiled its groundbreaking initiative - a loss-mitigation organization specializing in assisting victims of the self-enriching lending industry. Since then, nearly 500 case files referencing lender violations have been filed on […]
Provident Bankshares Corporation to Write-Down Investments and Increase Loan Loss Provision
January 11, 2008 Posted by Florida RealEstateRama
BALTIMORE, Jan. 11 /PRNewswire-FirstCall/ — Provident Bankshares Corporation (Nasdaq: PBKS), the parent company of Provident Bank, announced today that it has written down a significant portion of its REIT trust preferred securities portfolio. In addition, the Company has increased the provision for loan losses to reflect the inherent increase in loss rates in its real […]