federal reserve

Federal Reserve Goes On A Mortgage Debt Shopping Spree

Federal Reserve Goes On A “Sex & The City” Style Shopping Spree For Mortgage Debt The Federal Reserve pledged on Monday to buy unlimited amounts of Treasuries and mortgage-backed bonds to stabilize the mortgage markets. The Fed hopes it will have the same effect as when it rescued the economy in 2008. The Federal Reserve set a […]

Palm Beach Post Rips Florida Foreclosure Bill

Rhonda Swan, Palm Beach Post The Legislature finally has passed a bill to ease Florida’s foreclosure crisis. The problem is, it’s a bad bill that Gov. Scott should veto. Rep. Kathleen Passidomo, R-Naples, sponsor of House Bill 87, believes that giving banks the right to seek a quicker hearing would get the state’s 350,000 foreclosure […]

Little Discipline For Florida Foreclosure Lawyers

Mike Schneider and Gary Fineout, AP via Bradenton Herald Since Florida’s mortgage crisis began about six years ago, banks have agreed to pay millions of dollars to settle allegations that they wrongfully foreclosed on thousands of homeowners. Prosecutors have charged loan servicers with filing fraudulent documents on behalf of banks. But the law firms and […]

Florida’s Hardest Hit Program Facing Audit By SIGTARP

Florida Housing Finance Corporation Under Fire For Funds Distribution Policy Kimberly Miller, Palm Beach Post Florida’s key foreclosure prevention program is facing a federal investigation after Sen. Bill Nelson (D-Fla.) raised concerns about who is receiving the money and how little of the $1 billion award has reached homeowners. The special inspector general for the […]

Florida Woman Buys Home At BK Auction Now She’s Getting Foreclosed On

Didn’t Realize She Was Taking Responsibility For The Debt Rick Rousos, NewsChief.com When Sharon Little moved to Polk City in 2005 from International Falls, Minn., she went from the freezer into the fire — in more ways than one. Little, 60, was burned to the tune of about $40,000 in a convoluted 2010 real estate […]

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