Articles Tagged with ''Florida''

U.S. Foreclosure Filings Up 42 Percent in 2006

New data released today shows that 1.2 million foreclosure filings were reported nationwide during 2006, up 42 percent from 2005, and representing a foreclosure rate of one filing for every 92 U.S. households. The report, published by RealtyTrac, found that the number of total foreclosure filings nationwide rose from about 885,000 in 2005 to 1,259,118 in 2006.
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Fitch: Florida Insurance Bill Could Spell Trouble for Reinsurers

Florida Governor Charlie Crist is expected to sign into law this week legislation that will significantly reduce the average Florida homeowner's insurance premium. In a statement released today, Fitch Ratings said it does not believe the proposed legislation will have any impact on insurance company ratings. The agency did, however, say that it exects a significant negative impact for reinsurers in the Florida market.
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Subprime Specialist Rose Mortgage Closes Doors

Chicago, Ill.-based Rose Mortgage Company shut its doors this week, sources have informed Housing Wire. The company was a subprime wholsesaler operating in 10 states, including Illinois, Wisconsin, Michigan, Kentucky, Ohio, Indiana, Colorado, California, Florida and Arizona. The company was founded in 2000 as a family business, led by Bernie Glavin Jr., and at of the start of 2005 had funded more than 25,000 subprime loans.
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The Kitchen Sink for Jan. 20 & 21

Welcome to another edition of the Kitchen Sink! Each weekend, while business news takes a breather, Housing Wire highlights interesting and newsworthy stories appearing in media outlets throughout the country as well as interesting blog discussions. Sunday's housing coverage is now included, so dive on in.
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Florida's Housing Market Off 30 Percent from Last Year; Realtors Remain Optimistic

As the housing slowdown continues, Florida's resale market continues to be hit hard, according to statistics released today by the Florida Association of Realtors. A total of 11,912 existing single-family homes sold statewide last month, a decrease of 30 percent from the 17,088 homes sold during the previous November. The statewide existing-home median price was $242,500 last month, a 3 percent drop from one year ago, when the median price stood at $250,400.
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The Kitchen Sink for Dec 23-25

Welcome to this weekend's Kitchen Sink! Because there isn't a ton of business/mortgage/housing news breaking over weekends, each Saturday and Sunday I'll be highlighting worthwhile insight and analysis appearing in media outlets and blog sites across the country. This post will be updated throughout the long weekend with mortgage-related 'stuff' - of course, feel free to chime in.
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Foreclosures Soaring in Florida, New York

While there are some signs of better days ahead, foreclosure filings in New York, Florida and much of the Midwest keep on climbing. With less than a month left in 2006, already the Empire State's 26,424 filings are up 13% over the 23,383 for all of 2005. Quarter to quarter filings are up almost 8%, too—7,449 fourth quarter to date vs. 6,904 in the third quarter, according to numbers from ForeclosureS.com, a California-based real estate investment advisory firm and publisher of foreclosure property information.
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