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WASHINGTON (AP) -- President Bush urged lawmakers on Tuesday to move quickly in putting into force legislation designed to help prop up mortgage giants Fannie Mae and Freddie Mac while declaring the nation's financial system to be "basically sound." ...more
July 15, 2008
If you ever wondered how so many people with mediocre jobs could buy houses with enormous price tags, now you know. ...more
July 15, 2008
Home foreclosures will keep rising next year no matter who is elected president in November. ...more
July 7, 2008
Florida's attorney general on Tuesday filed a lawsuit against Countrywide Financial Corp. for engaging in "deceptive and unfair trade practices." ...more
July 2, 2008
Florida Attorney General Bill McCollum's office said today it has filed a lawsuit against Countrywide Financial for engaging in "deceptive and unfair trade practices." The suit says Countrywide, one of the nation's largest mortgage companies, knowingly put Florida borrowers into mortgages they couldn't afford or into loans with rates and penalties that were "misleading." ...more
July 1, 2008
Having read the opinion of both local papers and letters to the editors regarding the recent discussion of reducing impact fees, I feel compelled to provide some edification to this issue. ...more
July 1, 2008
Mortgage companies are pledging to let troubled borrowers know whether they're approved for help within 45 days of receiving a homeowner's application. ...more
June 17, 2008
Joe Lents hasn't made a payment on his $1.5 million mortgage since 2002. That's when Washington Mutual Inc. first tried to foreclose on his home in Boca Raton. The Seattle-based lender failed to prove that it owned Lents' mortgage note and dropped attempts to take his house. Subsequent efforts to foreclose have stalled because no one has produced the paperwork. ...more
February 22, 2008
Sales of existing homes fell in 45 states during the October-December quarter, with metropolitan areas showing growing weakness, a real estate trade group said Thursday. ...more
February 15, 2008
Florida's attorney general is investigating Countrywide Financial Corp., a beleaguered California-based mortgage lender, for possible unfair and deceptive business practices related to its home loans. ...more
February 1, 2008
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