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home mortgage refinance in florida News

Report: Many In Southwest Florida Owe More Than Their Home Is Worth Naples Daily News

As home values continue to fall, more borrowers are likely to find themselves in trouble in Southwest Florida. In Lee County, 30.4 percent or about a third of all homeowners owe more on their mortgage than their home is worth, according to a quarterly report by Seattle based Zillow.com. In Collier County, the number isnt quite as staggering. Its 18.7 percent or nearly one in five

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FHABacked Loans: The New Subprime BusinessWeek Online Via Yahoo News

As if they havent done enough damage. Thousands of subprime mortgage lenders and brokers many of them the very sorts of firms that helped create the current financial crisis are going strong. Their new strategy: taking advantage of a long standing federal program designed to encourage homeownership by insuring mortgages for buyers of modest means.

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Young Russian Boys Find New Family In America Daytona Beach NewsJournal

ORMOND BEACH Two backpack toting brothers strolled up the driveway kicking pine cones on their way home from the bus stop after a day at Ormond Beach Middle School.

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When Couples Split, No One Wants The House The Palm Beach Post

During the real estate boom, couples who divorced would fight over who got the house, betting that the winner could get rich from rapidly escalating prices. Spouses plunked down thousands to buy out their partner. Disposing of the marital asset was easy, since homes were selling in a day or two for inflated prices.

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Agency Offers Mortgage Assistance To Homeowners In Trouble The Palm Beach Post

After more than a year of piecemeal mortgage relief initiatives, Washington and the mortgage industry Tuesday announced the most sweeping effort to date to get at the heart of the credit crisis falling U.S. home prices and record foreclosures.

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