3/18/2009 11:43:00 AM
Mortgage fraud up in U.S., but dips slightly in Florida
MIAMI – March 17, 2009 – Tighter underwriting standards weren't enough to deter consumers and crooks from submitting bogus mortgage applications in 2008. Reports of mortgage fraud rose by 26 percent nationwide compared to the prior year, the ...
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3/18/2009 11:42:00 AM
New-home construction logs unexpected gain
WASHINGTON (AP) – March 17, 2009 – The number of new housing projects that builders broke ground on in February rose sharply, defying economists' forecasts for yet another drop in activity. The Commerce Department reported Tuesday that construction ...
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3/11/2009 11:32:00 AM
Survey: Americans’ low insurance IQ hurts finances
CHICAGO (AP) – March 10, 2009 – Americans are lacking in basic knowledge about insurance that might help their finances during the recession, according to a new survey. In fact, we know a lot less about insurance than we think we know, according ...
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3/11/2009 11:31:00 AM
Owners’ heartbreak, buyers’ bargain as Orlando-area foreclosures mount
ORLANDO, Fla. – March 10, 2009 – Real-estate agent Bryant Tutas says he gets 20 to 30 e-mails a day from United Kingdom investors who tell him essentially the same thing: “I want to buy a house. I want to buy a house today. I’ve got ...
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3/11/2009 11:30:00 AM
Nonprofit adds home refinancing initiative
WASHINGTON – March 10, 2009 – HOPE NOW, a nonprofit alliance of mortgage companies, housing counselors and others in the lending business, has added a new tool to its website enabling homeowners to initiate a loan modification or refinance with ...
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3/11/2009 11:29:00 AM
FHA mortgage ‘instant defaults’ mounting
WASHINGTON – March 9, 2009 – A rash of “instant defaults” in recently issued Federal Housing Administration mortgages is due to foul play among unscrupulous lenders, officials say. An analysis of available data by The Washington Post ...
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3/11/2009 11:28:00 AM
DBPR accelerates licensing for appraisers, approves FSU pilot program
ORLANDO, Fla. – March 9, 2009 – College graduates hoping to become real estate appraisers may be able to go through an accelerated licensing process under a new initiative, which seeks to eliminate submission of college transcripts as part of the ...
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3/11/2009 11:27:00 AM
HUD seeking comments on RESPA’s “required use” definition
WASHINGTON – March 9, 2009 – The U.S. Department of Housing and Urban Development (HUD) announced on Friday that it intends to seek further public comment on how to define the scope of a prohibited practice called “required use” under ...
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3/11/2009 11:26:00 AM
Markets face ‘irrational pessimism’
NEW YORK – March 9, 2009 – You’ve heard of “irrational exuberance,” right? That’s the expression Alan Greenspan coined more than a decade ago when he warned that investors could be bidding stock prices too high. His worry ...
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3/11/2009 11:25:00 AM
State Farm requesting hearing on Florida exit terms
TALLAHASSEE, Fla. – March 9, 2009 – State Farm Florida asked for a hearing Friday to appeal the state’s conditions for the company’s planned exit of Florida’s property insurance market. Meeting Friday’s deadline, State Farm ...
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