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The banks may need a bigger bailout. The government is mulling another multibillion-dollar aid package for Bank of America Corp., raising the possibility that much more taxpayer money will be needed to keep the banking industry from edging back toward the abyss. ...more
January 16, 2009
In a state that leads the nation in mortgage fraud, Tampa had the second-most cases of suspicious loan activity of any Florida city, according to a report released Tuesday from the Reston, Va.-based Mortgage Asset Research Institute. ...more
December 3, 2008
In a state that leads the nation in mortgage fraud, Tampa had the second most cases of suspicious loan activity of any Florida city, according to a report released this morning from the Reston, Va.-based Mortgage Asset Research Institute. ...more
December 2, 2008
More Florida banks are falling into problem territory as bank losses and problem loans mount, according to an analysis by bank rating firm BauerFinancial. ...more
September 25, 2008
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
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
U.S. thrifts lost $5.4 billion in the second quarter and set aside a record amount to cover losses from bad mortgages and other loans. ...more
August 28, 2008
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