The Federal Housing Finance Administration announced on Monday that it plans to establish a new business entity that will be jointly owned by mortgage giants Fannie Mae and Freddie Mac. Their goal is to create a new securitization infrastructure that will revamp the US housing market and prevent future “bubbles” in the market caused by misaligned … Read more
Securitization Revamp
Posted on March 12, 2013 byTags: Florida Real Estate
Florida has the Nation’s Highest Foreclosure Rate
Posted on January 23, 2013 byFlorida now has the highest foreclosure rate nationwide, and it is becoming a major problem. Of the 10 metropolitan areas with the highest foreclosure rates, seven are in Florida. In 2012, foreclosure filings jumped 20 percent, and one in five mortgages in the state are currently delinquent. According to the Orlando Sentinel, Seminole County Judge … Read more
Tags: Florida Real Estate
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