Fed's Rate-Cut Surprisingly Helps Home Buyers
Wed, Jan 23, 2008
Consumers shopping for a mortgage today may fine it a bit easier to qualify for a home loan. Rate cuts take months to work their way through the economy but businesses and consumers could soon feel the effect from the Fed's surprise move Tuesday to ... Read More
The Delinqency Risk Is Rising
Fri, Oct 19, 2007
The outlook for surging mortgage delinqunecies worsens in a market which has taken several crushing blows.
As the housing markets have deteriorated over the summer and a liquidity squeeze challenged credit markets, deleinquencies and defaults have... Read More
Lower Fed Rate Means Opportunities On The Rise
Mon, Sep 24, 2007
Lower Fed Rate Means Opportunities on the Rise
For the first time in more than four years, the Federal Reserve cut its Fed Funds Rate, which directly impacts millions of American borrowers. And while this important decision has many implications,... Read More
Orlando Developer Expects Another Housing Bubble?
Fri, Sep 21, 2007
Downtown Orlando developer Cameron Kuhn, who built a portfolio worth more than $100 million said Thursday he expects another bubble before the market stalls and falls again. Speaking to gruop of small business operators and owners in a panel discussi... Read More
Countrywide Bank Surviving Mortgage Meltdown
Fri, Sep 14, 2007
California based lender Countrywide Financial has challenging times ahead amid the skyrocketing default rate in subprime mortgages.
The lender announced late last week it would eliminate up to 12,000 jobs nationwide or 20% of its work force in ord... Read More
Fed Urges Loan Holders to Aviod Default
Fri, Sep 07, 2007
September 7, 2007. The Federal Reserve in addition to banking regulators issued special guidelines urging loan servicing companies to work with borrowers currently in danger of defaulting on their home mortgages.
The new guidance which is not man... Read More
Banking Industry Changes
Fri, Aug 31, 2007
As you know the banking industry is extremely unstable. It is making this business of selling a house very unsettling.
Countrywide Home loans announced on Wed. that they may be filing for Bankruptcy in the future. Bank of America recently gave C... Read More
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My Florida Regional MLS (updated 6/20/18)