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Special report: Banks still robo-signing Tuesday, July 19, 2011 @ 2:23PMNEW YORK/IMMOKALEE, Florida (Reuters) - America's leading mortgage lenders vowed in March to end the dubious foreclosure practices that caused a bruising scandal last year.
Western states lag in economic recovery Tuesday, July 19, 2011 @ 1:26PMIn this June 9, 2011 photo, a "bank-owned view price reduced," lot is chained and locked but advertised for sale, in Seattle. Two years after economists say the Great Recession ended, the recovery has been the weakest and most lopsided of any since the 1930s.
Fixes haven't stopped 'robo-signing' problem Tuesday, July 19, 2011 @ 12:40PMMortgage industry employees are still signing documents they haven't read and using fake signatures more than eight months after big banks and mortgage companies promised to stop the illegal practices that led to a nationwide halt of home foreclosures.
Ellis Co. remains among least stressed Tuesday, July 19, 2011 @ 9:54AMWASHINGTON (AP) -- Western states hit hardest by the housing crisis are feeling the greatest economic stress two years after the recession ended, according to the Associated Press's monthly analysis.
Western States Lag in Recovery Tuesday, July 19, 2011 @ 9:33AMWASHINGTON – Western states hit hardest by the housing crisis are feeling the greatest economic stress two years after the recession ended, according to The Associated Press's monthly analysis. Depressed home prices and high rates of foreclosures have limited job growth in Arizona, California and Nevada. Meanwhile, a delayed housing bust and cuts in state government and construction jobs have ...
Economic Stress In MI Going Down Following Auto Part Shortages Tuesday, July 19, 2011 @ 7:40AMAlthough Midwestern states have seen the largest decreases in economic stress since the recession ended, Michigan experienced a monthly jump in stress in May.
Bar president says recession has impacted legal community Sunday, July 17, 2011 @ 4:19AMConstance Akridge once considered a journalism career but switched gears and pursued a law degree, beginning to practice in Florida in 1983. But after being admitted to Nevada’s bar in 1988, she found there was more to her profession than running a busy private practice.
Murders make headlines, but most crimes in St. Lucie County relate to drugs, assaults Saturday, July 16, 2011 @ 8:50PMST. LUCIE COUNTY — Kristi Larkens' suitcase was open with two syringes exposed, according to police reports.
Bend Housing Market Poised For Turnaround? Friday, July 15, 2011 @ 12:32PMBelieve it or not -- argue over it or not -- one national report says the Bend area's housing market will have the nation's second-best growth rate over the next five years, with a "trough" in the third quarter and subsequent home-price increases over the next five years averaging almost 12 percent a year..
Polk's foreclosure activity declines in June Friday, July 15, 2011 @ 6:01AMIn the first half of 2011, Florida had the nation's second-highest total filings.
Foreclosures, short sales, and normal sales play tug-of-war with Orlandos overall median price Thursday, July 14, 2011 @ 7:47PMOrlando - The median price of Orlando area “normal” sales ($158,000) is now more than 40 percent higher than it was in June 2010 ($112,700), which is helping the area’s overall median price remain steady at $110,000. The median price is 4.35 percent lower than the $115,000 recorded in June 2010.
Foreclosures Here To Stay In Florida Thursday, July 14, 2011 @ 5:00PMWhile some realtors may be proclaiming the real estate market in South Florida is on the rebound; new numbers from RealtyTrac show the foreclosure crisis is stalled and may not clear out in South Florida for two more years.
Foreclosures Plunged This Year — Why Isn’t That Good News? Thursday, July 14, 2011 @ 11:03AMReal estate foreclosures — what a mess. Want a visual? Go spill half a can of cola on your kitchen floor. Did it clean itself up? I thought not. The same thing is happening with foreclosures. New data for the first half of the year shows that foreclosures dropped 29% from the year before. That’s a stat [...]
2nd wave of foreclosures may have started Wednesday, July 13, 2011 @ 11:56PMBy Mark Puente, Times Staff Writer Thursday, July 14, 2011 For months, experts have predicted that a second wave of foreclosures would hit Tampa Bay and the rest of Florida. Now, it appears they were right. Initial foreclosure notices in June jumped nearly 61 percent over the previous month in the bay area and 24 percent statewide, according to a RealtyTrac report released today. Lenders ...
RealtyTrac: Processing Delays Deferred Many 2Q US Foreclosures Wednesday, July 13, 2011 @ 11:27PMRealtyTrac: Processing Delays Deferred Many 2Q US Foreclosures
Orlando loses foreclosure infamy — for now Wednesday, July 13, 2011 @ 11:20PMLong one of the country's top markets for foreclosures, Orlando lost its standing as one of the nation's biggest sore spots for bank-owned properties during the first half of this year, a new report shows.
Deals help put a roof on troubled home loans Wednesday, July 13, 2011 @ 11:08PMMANATEE -- The local story on foreclosures remains the same: They keep dropping, but not because fewer people are in trouble, say local experts.
The party’s over on home rates Tuesday, July 12, 2011 @ 11:57AMTalk about irony: It is entirely conceivable that we will look back on the Great Recession as the good old days -- of homeowners insurance rates, that is.
Homeowner associations pit neighbor against neighbor Monday, July 11, 2011 @ 3:15AMBY MICHELLE CONLIN AND TAMARA LUSH | THE ASSOCIATED PRESS
Banks gearing up to fill looming gap in jumbo loans Sunday, July 10, 2011 @ 2:20AMFannie Mae, Freddie Mac and the FHA are facing an upcoming cutback in mortgage limits, but banks say they're planning to expand their jumbo loan business in high-cost housing markets. How big a deal is the upcoming cutback in mortgage limits for Fannie Mae, Freddie Mac and the Federal Housing Administration? Will buyers and sellers who depend on jumbo-sized loans find themselves in a financing ...
07/10 - Public records Saturday, July 9, 2011 @ 10:55PMPublic records for July 10
Real estate: Builders hope green features will trump price Saturday, July 9, 2011 @ 10:30PMMost builders nowadays eagerly tout their homes' energy efficiency.
Homeowner fights turn ugly Friday, July 8, 2011 @ 3:56PMThe Inlet House condo complex in Fort Pierce, Fla., was once the kind of place the 55-and-older set aspired to. It was affordable. The pool and clubhouse were tidy, the lawns freshly snipped.
Mortgage Foreclosures Friday, July 8, 2011 @ 11:26AMThese are mortgage foreclosures filed with the civil division of the Circuit Court April 29 to May 11. Names in bold are the subject of or have an interest in the foreclosure action. Lighter names filed the foreclosure action.
Area housing market perking up Friday, July 8, 2011 @ 5:18AMSome good news is available for the Lake City–Live Oak housing market for May.
Shuttle's end a blow to Florida's "Space Coast" Thursday, July 7, 2011 @ 10:03PMTITUSVILLE, Florida (Reuters) - The end of the U.S. space shuttle program is the end of the line for Tom Brown and other workers like him at the Kennedy Space Center in central Florida. He is about to join the ranks of the unemployed.
New data shows tiny rise in housing prices Thursday, July 7, 2011 @ 4:13PMSouth Florida home prices rose 0.6 percent during the first six months of 2011, according to a new report from Clear Capital.
Enquirer Makes More Cuts, ABC Pays Sources Thursday, July 7, 2011 @ 2:54PMThe latest Enquirer purge — ordered across scores of papers by owner Gannett — took good people. So did earlier rounds. Because of her speciality, one victim stands out in last month’s dismissals: Peggy O’Farrell. Management’s decision that readers don’t want or need informed, local medical news leaves me wondering if undiagnosed dementia afflicts Enquirer executives.
Steven Stamkos: Can the Lightning Really Afford to Keep Their Young Star? Tuesday, July 5, 2011 @ 11:41PMSomebody put the Stamkos Watch on the board please. We are now heading in to the sixth day of free agency and a contract for the young dynamo has not been put to paper yet. If you scour the Internet you can find anything from stories that he and the team are "close" to endless speculation to other team's fans salivating at the thought of Stammer wearing their team's colors. What do we know about ...
Problems rampant in mortgage servicing, advocates and regulators say Tuesday, July 5, 2011 @ 1:30PMErrors, misbehavior point to need for reform Anca Safta never missed a payment on her loan to expand her Lutherville home. But that didn't stop Safta's mortgage servicer from citing her this year for failing to pay, reporting her to credit agencies and threatening to foreclose.
Foreclosure rate locally falls below U.S. average Tuesday, July 5, 2011 @ 11:22AMForeclosure rates in the Rochester area were at 2 percent in April, more than one percent below the national average, according to recent data.
Why the Dow will end up plunging to 7,000 Tuesday, July 5, 2011 @ 7:53AMOne theory of economics says that any market can return to a point where it has been in the past. The Great Recession was, by some measures as bad as the Great Depression.
Comments ( to add a comment go here ) Tuesday, July 5, 2011 @ 6:38AMORLANDO, FL - The massive budget cuts passed by the Republican-controlled Florida Legislature, and signed into law by Tea Party-backed Gov. Rick Scott, are coming home to roost in Florida's municipalities.
More bank branches closing Tuesday, July 5, 2011 @ 3:17AMFor the first time in 15 years, banks across the United States are closing branches faster than they are opening them, eliminating locations in Massachusetts, other parts of New England, and the rest of the country.
Exclusive: Foreclosures loom in shadows Tuesday, July 5, 2011 @ 2:02AMDemand for homes in Lee County is brisk and prices are headed up — that's usually the sign of a healthy market.
Nashville People in Business Monday, July 4, 2011 @ 5:13AMNashville People in Business: Awards, Achievements and Promotions
Local residents weary of falling home values Sunday, July 3, 2011 @ 2:30AMThe drop in Montgomery County property values reflected in new data released this week is having a widespread impact on homeowners wondering whether to buy, sell or stay put.Interviews with county homeowners show that while some are getting great buys, others are taking big losses. And those not willing or able to take a beating on the market say they feel trapped by the dropping values.
Florida draws Brazilians Sunday, July 3, 2011 @ 2:14AMFrederico Azevedo went to Florida looking for a second home. He left with three, paying $300,000 and $500,000 for condos in two Miami towers, and $1 million for a unit at the Trump International resort in nearby Sunny Isles.
Polk Foreclosures Saturday, July 2, 2011 @ 10:08PMThese are mortgage foreclosures filed with the civil division of the Circuit Court April 6-28. Names in bold are the subject of or have an interest in the foreclosure action. Lighter names filed the foreclosure action.
New Hampshire's hardy economy makes campaigning tricky Saturday, July 2, 2011 @ 8:55PMUnemployment is lower and the state's doing much better than most of the country, but that doesn't mean everyone is content with Obama's policies. Last week in Salem, Republican presidential candidate Mitt Romney told voters that President Obama's economic policies "didn't work" and that "people are hurting." The next day in Raymond, fellow candidate Michele Bachmann told voters they couldn't ...
Residents, elected officials comment on SunRail Wednesday, June 29, 2011 @ 2:39PMWith a deadline looming to decide the fate of the controversial SunRail project, Gov. Rick Scott sent his top transportation adviser to Central Florida Tuesday to warn local officials that participating municipalities will be on the hook financially if the project ultimately fails.
Baby boomers could help Florida's housing market Wednesday, June 29, 2011 @ 7:50AMA University of Florida forecast says baby boomers could help restart the state's housing market by 2014.
Home prices at 4-year low in Charlotte area Wednesday, June 29, 2011 @ 7:07AMWhile other major markets around the country had a boost in home prices in April, Charlotte was among six cities posting their lowest levels in four years, according to a report released Tuesday.
Home Values Decrease Again In Miami Tuesday, June 28, 2011 @ 10:59AMThe S&P/Case-Shiller Home Price Index for April showed a slight monthly increase in prices across the board, but that’s not helping home prices in South Florida.
Florida rebounding with low-pay jobs Tuesday, June 28, 2011 @ 9:32AMWhen new employment statistics were announced this month, Gov. Rick Scott was quick to jump on the data, noting that Florida has been steadily gaining jobs -- nearly 61,000 since he took office in January.
First BanCorp Announces Definitive Agreements for Aggregate Commitments of $339.5 Million in New Capital Tuesday, June 28, 2011 @ 7:48AMSAN JUAN, Puerto Rico--(BUSINESS WIRE)--First BanCorp (the “Corporation”) (NYSE: FBP), the bank holding company for FirstBank Puerto Rico (“FirstBank” or “the Bank”), today announced that it has entered into a definitive agreement with two funds managed by Oaktree Capital Management, L.P. (together “Oaktree”) under which Oaktree would purchase an aggregate of approximately $175.5 million of ...
About 16,000 Florida seek mortgage help from Hardest Hit Fund Monday, June 27, 2011 @ 6:47PMTimes staff Monday, June 27, 2011 Nearly 16,000 Floridians have applied for mortgage help from the federal government's Hardest Hit Fund to prevent foreclosures. Since the $1 billion fund expanded statewide in late April, 554 homeowners have been approved and are awaiting payments, and 50 others have already received money. Nearly $1 million has been allocated so far. About 1,500 Tampa Bay ...
New law fair to all Florida taxpayers Monday, June 27, 2011 @ 3:11PMOUR OPINION: Property owners challenging their home assessment will have to pay part of bill upfront
Reassessing the way we think about our homes Sunday, June 26, 2011 @ 8:21PMHomeowners have to brace for yesteryear values on their property. The fat times are gone and aren’t likely to return, Jackson County officials said, when we talked after homeowners got reassessment notices.
HOUSING BUBBLE Sunday, June 26, 2011 @ 1:41AMFor two decades, Rick Arnold never looked for work beyond a 45-mile comfort circle around his Mountain Top home building company’s headquarters. But a sluggish economy combined with lending institutions tightening of loans has put a strain on the real estate market and caused people like Arnold to think outside the box. • Arnold went from building four or five custom homes a year as recently as ...