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Florida Mortgage Broker

Advocates urge relief for loan fraud victims in Florida  With Florida's mortgage industry reeling from its worst crisis, two statewide organizations are pressing lawmakers to restore a program to reimburse people ripped off by crooked loan brokers.

Mortgage burden becoming crushing for millions in U.S.  More than 7.5 million people �� almost 15 percent of American homeowners with a mortgage �� are spending half of their income or more on housing costs.

Florida couple turns food talk into board game  MIAMI -- Eric and Monica Ash moved to northwest Broward, Fla., from Alexandria, Va., in May with a newborn, a toddler and no regular paychecks to cover the mortgage or employers to subsidize the health insurance. Eric says they're living a dream.

Broker pleads guilty in Coast Bank case  A Tampa mortgage broker pleaded guilty Thursday to conspiracy for his role in a scheme that ultimately led to Coast Bank of Florida's demise.

Suit alleges large Florida mortgage fraud   ST. PETERSBURG, Fla., Sept. 18 UPI -- Florida prosecutors filed suit against 10 companies and 15 people they say were involved in a $37 million real estate straw mortgage scheme.

Mortgage companies paid McCain aide as advocate  Several current and former executives of Fannie Mae and Freddie Mac say Senator John McCain's campaign manager was paid more than $30,000 a month for five years as president of an advocacy group set up by the mortgage giants to defend them against stricter regulations.

Valley's economic mood: Real estate broker sees downturn turn into opportunities.   Hearing the news from Wall Street and Washington last week, "I held my breath," said Dennis Steinbach, co-owner of San Jose mortgage and real estate brokerages S&L Home Loans and Meridian Creek Properties. But by Friday, he said, he felt pretty good about how the recent changes might play out in his industry.

Federal Agricultural Mortgage, Oceanaut and RTI International Metals among 52-week lows   Federal Agricultural Mortgage Corp. , Oceanaut Inc. and RTI International Metals, Inc. are among the new 52-week lows in Monday's trading among companies with...

Boca bank finds capital in volatile market  Some of South Florida's largest banks are struggling to survive the mortgage meltdown, but 1st United Bancorp offers a glimmer of hopeful news.

Mortgage rates drop, and demand goes up  The phones are busy at local mortgage companies. The average rate for a mortgage loan dropped suddenly two weeks ago after the government stepped in to take over mortgage giants Fannie Mae and Freddie Mac, and for much of last week, buyers could get loans under 6 percent.