UPDATE 3-Florida sues Countrywide over mortgages – MIAMI, June 30 (Reuters) – Florida sued mortgage lender Countrywide Financial Corp CFC.N on Monday for predatory lending practices, alleging the company at the center of the U.S. mortgage crisis made.
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Cash sales decline as more homebuyers get financing – More than half of all South Florida home and condo sales in May were cash deals, but buyers who need mortgages. loan. Yet that’s down from about 70 percent a year ago, the RealtyTrac listing firm.
Four Broward and Palm Beach Residents Charged in Multi-Million-Dollar Mortgage Fraud Scheme – Ferrer, United States Attorney for the Southern District of Florida. real property in Broward and Palm Beach Counties to be bought and sold through straw buyers who obtained high value mortgages.
69% of home sales are cash in S. Florida – Lenders. Florida metro area – covering Palm Beach, Broward and Miami-Dade counties – was second only to Brevard for cash deals. One factor tipping the scales in cash buyers’ favor has been the.
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Low mortgage rates driving a boom in Florida home loans – Lenders reported adding 34,250 more loans for Florida. mortgages. "We don’t have the charge offs, the loan losses, we did a year ago." There’s also "no longer a free fall of home prices," added.
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South Florida ranks near top in U.S. for mortgage loan fraud – a report from LexisNexis Risk Solutions found South Florida ranked first among U.S. metros in loans investigated and verified for mortgage fraud. Palm Beach, Broward and Miami-Dade counties ranked.
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