Florida Mortgage News

The Latest News and Developments For
Mortgages in Florida

Florida Home Mortgages Latest Breaking News

• Mortgages rates see across-the-board increases  Contra Costa Times - Jul 25 1:02 PM n Highest level in nearly a year, 30-year loan rate hits 6.63 percent



• Credit crunch: Call for extra underpinning to support new mortgages  Guardian Unlimited - Jul 25 4:11 PM The government will face fresh pressure from lenders next week to ease funding conditions in the mortgage market when it publishes an interim report into the cash-strapped sector by the former HBOS chief executive Sir James Crosby.



• Homeowners Behind On Their Mortgages Nearly Double  CBS4 Miami - Jul 25 3:04 PM Sales of new homes fell in June for the seventh time in the past eight months, and the number of households facing the foreclosure process more than doubled in the second quarter compared to a year ago, according to data released Friday.



• Developer files new motion for Mortgages Ltd. Chapter 11 trustee  The Business Journal of Phoenix - Jul 25 3:09 PM Another Mortgages Ltd. borrower filed a motion July 24 in U.S. Bankruptcy Court requesting that a Chapter 11 trustee be appointed to the case. The filing claims that new attorneys and leadership assigned and hired to represent the local commercial real estate lender cannot adequately consider the interest of all parties involved.



• Bankruptcies soar in Santa Clara County as homeowners struggle with mortgages, credit cards  San Jose Mercury News - Jul 24 9:10 PM Like many others caught in the housing crisis, Arthur was on the verge of losing his $600,000 home to foreclosure.

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