SOUTH FLORIDA FORECLOSURES FOR SALE!

Citigroup to pay $75 million to settle SEC charges (Reuters)
Fri, 30 Jul 2010 01:46:19 GMT

Reuters - Citigroup Inc will pay $75 million to settle charges that it failed to disclose subprime exposure to investors in 2007, the U.S. Securities and Exchange Commission said on Thursday.

Citigroup paying $75M to settle civil charges (AP)
Fri, 30 Jul 2010 00:50:15 GMT
AP - Banking titan Citigroup Inc. is paying $75 million to settle civil charges that it misled investors about its potential losses from subprime mortgages as the housing bust hit in 2007.

Florida mortgage firm settles federal charges (AP)
Thu, 29 Jul 2010 22:30:00 GMT
AP - Federal regulators say a Florida company they accused of misleading borrowers who were seeking to avoid foreclosure has agreed to repay the consumers $2.4 million to settle those charges.

Congress to try to recoup Fannie, Freddie costs (AP)
Thu, 29 Jul 2010 22:04:26 GMT
AP - Lawmakers plan to study ways to get back some of the $145 billion the government has pumped into giant mortgage buyers Fannie Mae and Freddie Mac.

Summary Box: Mortgage rates hit low of 4.54 pct. (AP)
Thu, 29 Jul 2010 20:25:55 GMT
AP - RATES KEEP FALLING: Mortgage company Freddie Mac said the average rate for 30-year fixed loans this week was 4.54 percent, down from 4.56 last week.

Mortgage rates hit low of 4.54 percent (AP)
Thu, 29 Jul 2010 20:09:31 GMT

AP - Mortgage rates are the most affordable in decades for those who can qualify for a loan.

Citigroup settles charges over misleading investors (AFP)
Thu, 29 Jul 2010 19:00:15 GMT

AFP - US bank Citigroup agreed Thursday to pay a 75-million-dollar fine to settle charges it misled investors about exposure to subprime mortgage-related assets, the Securities and Exchange Commission said.

(AP)
Thu, 29 Jul 2010 14:01:08 GMT
AP - Mortgage rates drop to 4.54 pct., hitting lowest level on record for fifth time in six weeks.

Foreclosures up in 75 percent of top U.S. metro areas (Reuters)
Thu, 29 Jul 2010 11:48:42 GMT

Reuters - Foreclosures rose in 3 of every four large U.S. metro areas in this year's first half, likely ruling out sustained home price gains until 2013, real estate data company RealtyTrac said on Thursday.

France Telecom first half net profit up 45 pct (AP)
Thu, 29 Jul 2010 07:53:43 GMT
AP - France Telecom SA said Thursday that first half net profit rose 45 percent due to a one-off gain, although revenue and margins were eroded by regulatory costs and competition in the home market in France.

Foreclosure activity up across most US metro areas (AP)
Thu, 29 Jul 2010 07:29:06 GMT

AP - Households across a majority of large U.S. cities received more foreclosure warnings in the first six months of this year than in the first half of 2009, new data shows.

Calif. revokes real estate licenses at record pace (AP)
Thu, 29 Jul 2010 01:05:04 GMT
AP - The California Department of Real Estate said Wednesday it revoked a record number of real estate licenses in its most recently completed fiscal year.

Mortgage lenders must register in database (AP)
Wed, 28 Jul 2010 21:52:52 GMT
AP - Loan officers at banks will be required to provide their names and fingerprints to a national database as part of an effort to crack down on shady operators who fed the real estate bubble.

Treasury says latest mortgage-aid report flawed (AP)
Wed, 28 Jul 2010 20:46:59 GMT
AP - The Obama administration is revising the latest report on its troubled mortgage-relief program, and the changes are likely to show a greater number of borrowers facing foreclosure after having their loans modified.

Summary Box: Mortgage applications down percent (AP)
Wed, 28 Jul 2010 19:47:36 GMT
AP - MORTGAGE APPLICATIONS DOWN: Applications for home loans fell 4.4 percent last week despite the lowest mortgage rates in decades, according to the Mortgage Bankers Association.

Fed says some districts report slowing economy (Reuters)
Wed, 28 Jul 2010 19:38:43 GMT

Reuters - The economy kept growing overall in recent weeks, but unevenly and it actually slowed in a few regions as housing markets softened after the end of a popular tax break, the Federal Reserve said on Wednesday.

Mortgage brokers to be fingerprinted and registered (Reuters)
Wed, 28 Jul 2010 16:44:25 GMT

Reuters - Mortgage loan originators will have to be fingerprinted and sign up to a central registry to do business in future, according to final rules issued on Wednesday by the Federal Reserve and other regulators.

Mortgage applications fall 4.4 percent last week (AP)
Wed, 28 Jul 2010 13:30:13 GMT
AP - Applications for home loans fell last week despite the lowest mortgage rates in decades.

Mortgage demand dips on rising rates (Reuters)
Wed, 28 Jul 2010 11:37:06 GMT

Reuters - U.S. home loan demand cooled last week as rising mortgage rates curbed refinancing requests that had soared to a 14-month high, the Mortgage Bankers Association said on Wednesday.

What's next for housing finance, Fannie and Freddie? (McClatchy Newspapers)
Tue, 27 Jul 2010 21:06:00 GMT
McClatchy Newspapers - WASHINGTON — With the overhaul of financial regulation in the bag, the Obama administration Tuesday said it'll focus next on housing finance — another key cause of the recent deep economic downturn — with an eye to deciding the fate of mortgage finance titans Fannie Mae and Freddie Mac.