"Underwater" mortgages continued to decline across South Florida at the end of 2015 as higher home prices helped restore equity lost during the six-year housing collapse, a new report shows. In Palm.
Heavier use of 3-percent-down loans through Fannie Mae and Freddie Mac programs aimed at qualifying more buyers with moderate incomes. Gene Mundt, regional manager for American Portfolio Mortgage Corp.
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Miami-Dade County had 70,696. when close to half of all homes with a mortgage in South Florida were underwater. Zillow also showed a decline in underwater mortgages in the tri-county region, though.
Two mortgage fraudsters pleaded guilty to their involvement in a $10 million scheme using luxury South Florida. East San Marino Drive in Miami Beach. Melian and Cabrera admitted to creating.
–(BUSINESS WIRE)–Florida Community Bank (FCB) was recently named Mortgage Lender. the South Florida community. More than 800 guests attended this year’s Latin Builders Association 36th Annual.
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“The lenders are holding the bag now, that’s what we’re finding out,” said Glenn Theobald, head of a mortgage fraud task force formed in south Florida’s Miami-Dade County in September. Mortgage scams.
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a report from LexisNexis Risk Solutions found South Florida ranked first among U.S. metros in loans investigated and verified for mortgage fraud. Palm Beach, Broward and Miami-Dade counties ranked.
In the past year, three sitting South Florida mayors – Manny Marono of Sweetwater, Michael Pizzi of Miami Lakes and Steve Bateman of. properties so the straw borrowers could obtain bigger mortgages.
Big real estate lenders often find themselves allaying. for the bank’s largest construction loan in South Florida, $80 million in 2016 to Property Markets Group’s 32-story, 464-unit X Miami.
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FILE – In this July 22, 2019 photo, a for sale sign is posted in front of a home in Miami. the 30-year mortgage dropped to.
Two mortgage fraudsters pleaded guilty to their involvement in a $10 million scheme using luxury South Florida condos. San Marino Drive in Miami Beach. Melian and Cabrera admitted to creating.