Fitch warns Ocwen-related RMBS deals face major downgrade

Fitch warns Ocwen-related RMBS deals face major downgrade

Placed on “Rating Watch Negative”

WATCH: Famous televangelist gives terrible reverse mortgage advice

Let's clear this up for Maria

S&P reportedly close to massive mortgage-bond rating settlement

WSJ: Department of Justice may get billions
W S

Items Tagged with 'Florida'

ARTICLES

Black Knight: Home prices barely tick higher

Florida and Texas dominate top metros
Brena Swanson
Although home prices barely nudged, top performing states continued to hold on strong as Texas and Florida dominated the top-performing metros list.
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Inlanta Mortgage expands in Florida, Illinois

Continues to grow its mortgage operations
Brena Swanson
Inlanta Mortgage continues to grow, adding new branches in Florida and Illinois. This is the latest is a series of growth initiatives from the lender. Back in September 2014, Inlanta announced a new office in Minneapolis, and in April 2014, it announced the promotion of two executive positions.
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Florida’s foreclosure crisis far from over

Housing is still unaffordable
Brena Swanson
Florida continues to report some of the highest foreclosure numbers in America. But is this fact enough to say that the state is in the middle of a crisis? Here’s one lawyer's opinion.
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South Florida housing will continue recovery in 2015

And other predictions for South Florida in 2015
Ben Lane
The opportunity to make a serious profit by buying a house in South Florida may be going away soon, but that doesn’t mean that South Florida housing isn’t in a healthy place.
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North Miami mayor found guilty of mortgage fraud

Marie Lucie Tondreau now faces up to 30 years in prison
Ben Lane
Marie Lucie Tondreau, the mayor of North Miami, Florida, was found guilty of mortgage fraud, stemming from her part in a scheme that defrauded lenders to the tune of $8 million. Prosecutors said she used her fame to recruit straw buyers.
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Florida borrowers get more than $16 million back

Ocwen mortgage settlement checks in the mail
Brena Swanson
The Florida Attorney General's office sent out more than 14,000 checks in the mail to eligible consumers who lost their homes to foreclosure between 2009 and 2012.
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North Miami mayor on trial for mortgage fraud

Marie Lucie Tondreau contends she was conned by business partner
Ben Lane
The mayor of North Miami, Marie Lucie Tondreau, is currently on trial for allegedly taking part in a mortgage fraud scheme that defrauded lenders to the tune of $8 million. Tondreau's lawyer claims that she is a victim too.
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Florida man convicted for renting out homes he didn’t own

Chris McDonald found guilty of organized fraud, grand theft
Brena Swanson
A man in Florida was found guilty for renting out houses he didn't own in a real estate scam that spanned at least five Florida counties over the past three years.
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Florida man buys foreclosure, finds dead body inside

Presumed owner hadn’t been seen for three years
Ben Lane
William Wilson, of Cape Coral, Florida, purchased the home on SE 19th Lane at auction Tuesday for $96,000. When he arrived at the home Wednesday to inspect his purchase, he found the body thought to be the previous owner, a woman who had been missing since November 2011, in the master bedroom.
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6 housing markets that haven’t recovered

California fills the list
Brena Swanson
Although it’s been eight to nine years since the housing recovery, not every market is recording strong growth, especially in Florida and California. Here are 6 former boomtowns that still have a long road ahead.
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