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JANN SWANSON | Mortgage News Daily | “The Federal Reserve Bank of New York has updated and released proceedings of a conference it held last October in conjunction with the Rockefeller Institute of New York. The conference, entitled Distressed Residential Real Estate: Dimensions, Impacts, and Remedies was devoted to three main topics: An assessment volumes of properties thatRead more

eCreditDaily | “There is a considerably larger volume of loans in the foreclosure process in judicial states — where a judge presides — and that appears to be impeding home price recovery in those states. An analysis by the Federal Reserve Bank of New York shows that the average number of days that a mortgageRead more

Michael Sasso | Tribune Staff | “Fewer people are losing homes in the Tampa Bay area, but the region still has the nation’s sixth-highest foreclosure rate, a new ranking shows. In fact, metropolitan areas in Florida take up five of the six top spots in the nationwide ranking by RealtyTrac, a foreclosure research firm. That’s likelyRead more

Steven Perlberg |   “Real estate investors are getting back in the flipping game, netting an average gross profit of nearly $20,000 on single family home flips in the first half of 2013. Home flips are up 19% from a year ago and 74% from the first half of 2011,according to a new report from Realtytrac .Read more

  Jose Lambiet | “According to court records, the digs on SW 112th Street in the Westwood Lake area of Miami are also owned by Sierra’s mother, Lucero, and will be sold to the highest bidder Aug. 27. Karent Sierra’s house, at 5750 SW 112 Avenue, is to be sold to the highest bidder after the foreclosure (Zillow.com) TheRead more

  Article By: Cory W. Eichhorn Michele L. Stocker “According to the Florida House of Representatives, the State of Florida has been negatively impacted by the national foreclosure crisis, and, as a result, Governor Rick Scott and the Florida Legislature want to minimize the impact upon the judicial branch both in terms of funding andRead more

ecreditdaily.com | “Recipients in California and Florida have received nearly one-third of the checks distributed under the Independent Foreclosure Review, according to new data released by bank regulators. That’s out of $2.326 billion cashed or deposited as of May 31, 2013, according to a state-by-state table released by the Office of the Comptroller of the Currency, the regulatorRead more

Orlando Sentinel | “Rarely does U.S. Rep. Corrine Brown feud with the White House — the veteran Florida lawmaker is a loyal Democrat, after all. But plans by the administration to shutter a pair of housing offices in Orlando and Tampa as soon as this fall has stirred Brown into mounting an intense, and occasionally bitter, campaign to keepRead more

Josh Salman | Herald Tribune | “Lenders completed fewer foreclosures nationwide in May, but the rate of defaults continue to top recent years and the amount of distressed residences remains dangerously high, a new report shows. Mortgage bankers repossessed 52,000 delinquent U.S. homes in May, a 3.5 percent increase from April but down 27 percent fromRead more

By Scott Blake |     Banks and other mortgage servicers are holding many homes in foreclosure without putting them up for sale, according to local market watchers.    In fact, Florida leads the nation by far in vacant homes in foreclosure, with more than 55,000 homes in foreclosure sitting empty, according to a recent report by RealtyTracRead more