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Florida Faces More Turmoil On Mortgages
As Congress hashes out the details of the mortgage bailout plan, another wave of problem loans will soon come crashing down, especially in Florida. ...more
September 24, 2008
Government Bailout Won't Solve Florida's Loan Problems
As Congress hashes out the details of the mortgage bailout plan, another wave of problem loans will soon come crashing down, especially in Florida. Nearly $100 billion worth of loans are deemed at risk for foreclosure over the next two years nationwide as borrowers with adjustable rate loans, called option-ARMs, see rates adjust, some ahead of schedule, according to a report released this month by Fitch Ratings. ...more
September 23, 2008
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