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Article via: CBS, wtsp.com: “With Goldman Sachs recently agreeing to pay $5.1 billion to settle claims related to its role in the 2008 mortgage scandal, the firm became the latest big Wall Street bank to reach a deal with the U.S. government. As part of the settlement, $1.8 billion is to be set aside for programs toRead more

Article: “The Mortgage Professor: Down payment insurance: Does it make sense? (By JACK GUTTENTAG) Investment in a home is often the largest investment a consumer will ever make, so any measures to reduce the risk deserve careful attention. The big risk is that a major house price decline will wipe out the owners’ equity, leavingRead more

Real Estate News : As investors scoop up older housing properties South Beach workers feeling the squeeze by: Nicholas Nehamas, Joey Flechas “Last week’s purchase of 15 older Art Deco-era apartment buildings in South Beach has workers fearing they won’t be able to remain in the area much longer, the Miami Herald is reporting. DevelopmentRead more

By Nicholas Nehamas “Federal authorities on Wednesday announced a temporary anti-money-laundering crackdown on pricey homes bought secretly with cash in Miami-Dade County and New York City. The new policy will require title insurance companies to identify the true owners of shell companies that pay $1 million or more in cash for homes in Miami-Dade andRead more

A new report from Coldwell Banker names Doral, located in Miami-Dade, the most expensive market in Florida. “Coldwell Banker Real Estate LLC released its 2015 Home Listing Report (HLR), which ranks the affordability of the real estate markets in Florida. The Coldwell Banker® Home Listing Report named Hastings the most affordable market in Florida, with an average listing priceRead more

Little-known program gives up to $2,000 a year to people buying their first homes. By Donna Gehrke-White | Sun Sentinel “little-known state program that pays first-time homebuyers up to $2,000 a year has more than tripled its number of participants in a year.Administrators expect an even higher surge of homebuyers applying this year as theRead more

By: Ken Amaro  | firstcoastnews.com “JACKSONVILLE, Fla. — Letitia Early, 51, lost her job in January 2008 and her ability to pay the mortgage on her home. But Early said she never lost her hope. “I limped along and used my savings,” she said, “Everything I had to make my payments.” She was doing everythingRead more

Cameron Davis | ThinkProgress | “The number of completed foreclosures in May was down 27 percent, to 50,000, compared to May of last year, analytics firm Core Logic reported Tuesday. One million homes remain in some stage of foreclosure, although that figure is down 29 percent from a year earlier. But while foreclosure rates are downRead more