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South Florida home sales continue slide - Miami HeraldWith the local economy on the ropes and the number of borrowers behind on their mortgages rising, South Florida median home prices and sales continued sliding last month, falling an average 20.5 percent in Miami-Dade and Broward counties from a year ...
Economy.com | Rising Household Debt, Defaults Straining US Economy - Miami HeraldWEST CHESTER, Pa, July 23 – U.S. household finances are deteriorating rapidly under the strain of increased debt and falling home prices, threatening the health of the U.S. economy, according to a new research from Moody"s Economy.com, a division ...
Florida's Existing Housing Market Shows Improving Conditions in June ... - MSN MoneyCentralORLANDO, Fla. , July 24 /PRNewswire/ -- Many Florida Realtors(R) statewide noted positive movement in their local housing markets in June, with an upswing in the statewide median price reported for both existing home sales and condominium sales over ...
Wachovia's Steel Faces Mortgage Challenge After Boosting Stock - BloombergJuly 23 (Bloomberg) -- Wachovia Corp. Chief Executive Officer Robert Steel , on the job only two weeks, drove up the bank's market value $7.7 billion in a single day after reporting the biggest quarterly loss in its history. Wachovia rallied 27 ...
Aguirre targets Countrywide in suit - San Diego Union-TribuneHoping to stem the tide of home foreclosures, San Diego City Attorney Mike Aguirre yesterday sued the nation's largest lender, accusing it of fraudulent subprime lending and demanding that it stop taking back homes from delinquent borrowers. The suit ...
National City has $1.76 bln loss on loan write-offs - ForbesNEW YORK (Reuters) - Regional bank National City Corp (nyse: NCC - news - people ) posted a $1.76 billion second-quarter loss Thursday, hurt by soaring mortgage and real estate construction loan losses and a write-down for acquisitions. The fourth ...
Rescue of mortgage giants could hit $25 billion - FOX NewsWASHINGTON — A federal rescue of Fannie Mae and Freddie Mac could cost taxpayers $25 billion, congressional budget experts said, as the House scheduled a Wednesday vote on legislation that would tap the mortgage giants' profits to cover any losses ...
BALTIMORE -- Mortgage Crisis Reverses Tide of Urban ... - Washington PostBALTIMORE -- On Reservoir Hill, just north of downtown, one of this city's most hopeful revitalization projects is falling apart. Over the past two years, 95 properties have fallen into foreclosure. On one dismal street, three blocks of apartment ...
McCain: Get rid of Fannie Mae and Freddie Mac - Hotair.comJohn McCain got another newspaper to accept his op-ed writings today, this time in Florida and on the subject of the Fannie Mae/Freddie Mac bailout.  He writes that he reluctantly agrees that Congress has to ensure that the two don’t cause an ...
Eastern Financial loses $16.8M in Q2 - South Florida Business JournalEastern Financial wins West Palm Beach foreclosure [South Florida] Diversity and inclusion practices pay off fast [Tampa Bay] Eastern Financial CEO resigns [South Florida] Sterlent Credit Union falls to mortgage crisis [East Bay] Credit union will ...
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