It’s unreal.  For better than a year now, the Federal Government and the banks have known that Florida was a hot bed for fraudulent mortgage activity, yet here we are a year removed and the crooks are still at it.  Why make an issue of it?  Well, these guys are giving us all a bad […]

We have been in business for almost 20 years and when the internet became a venue for Florida mortgages, we had a website built and we did do some business from around the state.  The last 4 or 5 years we have done very little pure internet business for one simple reason.  WE DON’T LIE.  […]

Governor Crist along with representatives from The Florida Bankers Association and the Florida Credit Union League announced at a press conference that there would be a 45 day reprieve on foreclosure filings.  In addition there would be no foreclosure sales scheduled during this same period.  Is this a good thing?  If you’re one of these […]

First of all, I hope everyone had a very nice Thanksgiving. Even with all of these economic problems, we are still the envy of the world and living here sure beats second best no matter what you care to offer as an alternative. On Tuesday morning when it was announced that there was going to […]

Just a follow up to yesterday’s post - Great Mortgage News - Yes, the Fed is going to step in and buy up $500 billion in mortgage backed securities from Fannie and Freddie - this is the best news for Florida mortgage rates in years.
 
When I say this is the best news for Florida mortgage […]

Rates finally moved downward on the proposed government purchase of $600 billion in “good” mortgage debt.  It seems that action by the Treasury and the Fed have finally had a positive effect on the mortgage market.  The government has been trying to spur credit markets for months.  The biggest of these markets is the mortgage/real estate […]

How could a second Fed bailout focused in on mortgage assets affect the Florida mortgage market?

Nearly one in three Florida mortgage borrowers owed more on their loans than their homes were worth in the third quarter, according to a report issued by First American CoreLogic of Santa Ana, California.  Translated into cold hard numbers, that means that 1.2 million of Florida’s 4.2 million mortgages are on properties that are worth LESS than […]