Florida sues Countrywide over mortgages – MIAMI (Reuters) – Florida sued mortgage lender Countrywide Financial Corp on Monday for predatory lending practices, alleging the company at the center of the U.S. mortgage crisis made subprime loans.
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Low mortgage rates driving a boom in Florida home loans – Record low interest rates and bargain home prices are creating a mini-boom in Florida mortgages. loan losses, we did a year ago." There’s also "no longer a free fall of home prices," added Helber,
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Convicted mortgage fraudster gets 9 years in prison for role in South Florida scheme – Jones, of Santa Monica, California, submitted fake loan applications for two waterfront residential properties in Broward County. Florida, the State Attorney’s office pursued a number of cases..
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South Florida ranks near top in U.S. for mortgage loan fraud – Mortgage. in Miami-Dade County were not owner-occupied, compared with 38 percent in Broward County, 32 percent in Palm Beach County, 36 percent in Florida overall and 37 percent in the U.S. South.
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Thousands with criminal records work unlicensed as loan originators – But The Miami Herald found that in at least nine major cases when originators were arrested for mortgage fraud, no action was taken against their lenders. While Florida requires lenders to report the.
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