Interesting article in today's Daily Business Review regarding the current Forclosure maket. Over 2 years into this and still no solution in sight. http://www.dailybusinessreview.com/PubArticleDBR.jsp?id=1202517574667&In_search_of_the_foreclosure_offramp&slreturn=1
Mortgage rates in the U.S. fell to the lowest level in Freddie Mac records after the Federal Reserve announced a plan to reduce borrowing costs even further. The average rate for a 30-year fixed loan dropped to 4.01 percent in the week ended today from 4.09 percent, Freddie Mac said in a state...
A federal judge has given the green light for a class action lawsuit against former foreclosure titan David Stern. The case is just one of dozens of lawsuits involving Stern. Stern's publicly traded foreclosure business and law firm imploded late last year after being fired by major lenders...
Broward County is offering the Energy Sense Appliance Rebate Program to County residents to encourage replacement of an old appliance with a new more energy efficient appliance. Up to $400,000 is available in rebates to eligible participants. The County expects 1,200 to 2,000 rebates to be issued...
According to an article in Friday's Daily Business Review, a large number of out of state law firms are flocking to Florida to handle work from Fanniemae,Freddiemac and other banks. The firms are taking over files from the law offices of David J.Stern and Ben-Erza Kartz, , Two of the big forecl...
Foreclosure activity in Florida is trending down, according to the latest informaton from Realtytrac. http://www.realtytrac.com/MarketTrends/NewsLetter.aspx?guid=ed0f5559-ef89-48d1-9cd6-f4ddd8126daa
According to the chief regulator for FannieMae & FreddieMac they are not charging enough for there mortgage guaranteees and should raise thre fees. The companies were taken into govenment conservatorship three years ago, when mounting defaults pushed them toward insolvency. Since then th...
According to a recent article in the Daily Business Review ,Bank of America Corp, the lender burdened by its Countrywide Financial Corp takeover, would consider putting the unit into bankruptcy if litigation losses threaten to cripple the parent. http://www.dailybusinessreview.com/PubArticleD...
The Federal government has a new program to help Florida homeowners facing foreclosures. Seems like a great program for those needing assistance. My wife who is a mortgage broker just starting working with a company offering assistance applying for the program. https://www.flhardesthithelp.org/
For those that have purchased a home and wish to claim it as there Florida Homestead can do so online Very fast and convenient. https://www.bcpasecure.net/onlinehomestead/web/index.aspx