A new study shows nearly half of Florida homeowners owe more on their mortgages than their homes are worth. Falling home prices are the main cause of the underwater mortgages. As Whitney Ray tells us, the phenomenon could lead to another wave of foreclosures and delay recovery in the states hous...
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Top stories include: Mortgage delinquencies rise. Treasury Secretary Geithner tries to save the TARP. Gold at +$1100 and Oil nears $80. And Sir Richard Branson.
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SPECIAL REPORT - The state owns approximately 50,000 housing units and there’s no central wait list. So that means those in need of housing, based upon their income, go either to their city or town to sign up. FOX25’s Alison Bologna reports.
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Nov. 23 (Bloomberg) — Bloomberg’s Jon Erlichman reports on how some hedge funds are profiting from buying home loans at a discount. The funds reduce the size of the mortgages and make them qualify for government guarantee. These loans are then sold to federal agencies, which then package t...
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In the latest Viewpoints Breakfast series, Laurence Fink, Chairman and CEO of BlackRock Inc. discusses how he made his name with the collateralized mortgage security and how its still a good idea.
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Industry consultant John Burns talks to reporter Nick Timiraos about where the market is headed and the significance of low mortgage rates, the home buyer tax credit and the FHA, which he calls the "new subprime."
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Community Development Officer of Dollar Bank Dorothy Curtis describes "Mortgages for Mothers," a workshop presented by Dollar Bank to help community members learn about credit and home ownership.
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