“TAMPA — Tampa Bay posted the nation’s fourth-highest foreclosure rate last month as the sludge of bad home loans continues to gum up local courts, RealtyTrac data released today show. More than 5,000 notices of mortgage default, foreclosure auction or repossession were sent across Tampa Bay last month, a 23 percent jump over lastRead more
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By joncoats | Florida Law, Foreclosure Law, Mortgages, Real Estate Law, Uncategorized | Comments are Closed | 24 October, 2012 | 1
By Jody Shenn, Clea Benson and Heather Perlberg | “Fannie Mae (FNMA) and Ginnie Mae are seeking to protect taxpayers as a flood of new lenders apply to do business with them. That’s also helping big banks’ profit and blunting Federal Reserve efforts to boost housing. Fannie Mae, the government-supported mortgage financier, has begun limiting howRead more