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Christine DiGangi | Credit.com | “There are fewer than 2 million mortgages in serious delinquency as of November, a 26 percent decline from the previous year and a 5-year low, according to the monthly CoreLogic Foreclosure Report. A seriously delinquent mortgage means the homeowner is more than 90 days past-due on payments and is in danger of defaultRead more

Ted Jackovics | Tampa Tribune Staff | “Florida will need a few more years to climb completely out of the hole left by the recession, but various economic indicators are gradually returning to typical growth levels, the Legislature’s research office said in its latest report. Trends are positive for two key elements of Florida’s economy: Personal income growthRead more

JANN SWANSON | MortgageNewsDaily “In its monthly e-magazine Foreclosure Report RealtyTrac takes a look at the current and potential impact of legislation designed to rescue the nation’s flood insurance program.  Within that legislation RealtyTrac says there may be looming another demonstration of the theory of unintended consequences. The National Flood Insurance Program (NFIP) was created by an act ofRead more

MIKE SCHNEIDER | ASSOCIATED PRESS | Some of the nation’s most important events of the young century have happened in Florida or had a strong connection to the state, which is expected to surpass New York in population in 2014. Here is a list of 10 of them: 1. The 2000 presidential contest between George W. BushRead more

“Realty Trac has released new data from July showing the Florida counties with the highest foreclosure rate.” See slideshow here

By John Hielscher | Herald-Tribune | “A popular tax break that has saved struggling Southwest Florida homeowners millions of dollars is slated to expire at the end of this year. The tax deduction on forgiven mortgage debt has been available for the past seven years, one of a number of measures intended to ease financial pressure broughtRead more

Pamela M. Prah | Stateline | “Some of the states hit hardest by the foreclosure crisis aren’t spending millions of dollars that the federal government has set aside to help struggling homeowners, a new report shows. Of $7.6 billion the federal government has provided in the “Hardest Hit Fund” to help homeowners, states have disbursedRead more

Roger Weeder | First Coast News | “Foreclosure courts are in full swing across the state, including Duval County, which has 2,700 cases that date back to before 2010. Six judges are handling the load, holding hearings four days a week and clearing out nearly 300 cases a week, according to the Clerk of Courts office. In GreenRead more

Francys Vallecillo | World Property Channel “The median price for Florida’s existing single-family homes sold in October was 16.6 percent higher than last year, marking the 23rd consecutive month of yearly price increases, according to Florida Realtors. The statewide median sales price for single-family homes reached $169,000 in October. The median price for townhomes/condos reachedRead more

Alyssa Gerace | Reverse Mortgage | “On Tuesday, Florida will reportedly announce a new program aimed reverse mortgage borrowers in the state who have defaulted on their loans after struggling to remain current on their taxes and insurance. The Florida Housing Finance Corporation is introducing the Elderly Mortgage Assistance Program as part of its $1 billion Hardest Hit Fund. It’sRead more