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Apartment mortgages hot in South Florida
http://www.bizjournals.com/southflorida/news/2014/01/22/apartment-mortgages-hot-in-south-florida.html?page=all
Miami-based Ocean Bank led all local banks with $78 million in South Florida multi-family mortgages in 2012, up from $3.2 million the year before. Executive VP and Chief Credit Officer Sam Monti said multi-family loans were among the least hurt by the 

7 Florida residents charged in connection to North Carolina mortgage fraud ...
http://www.tampabay.com/news/politics/stateroundup/seven-florida-residents-charged-in-connection-to-north-carolina-mortgage/2160575
7 Florida residents charged in connection to North Carolina mortgage fraud ... All of the others were released on bond. Olivier is a Land O'Lakes engineer who moved to North Carolina to manage the development. The federal indictment accuses Olivier and Davis of recruiting straw buyers to submit false loan applications to buy lots

Bob and Maureen McDonnell, businessman bonded over financial needs ...
http://www.washingtonpost.com/politics/bob-and-maureen-mcdonnell-businessman-bonded-over-financial-needs-prosecutors-say/2014/01/25/a962e9d8-847c-11e3-bbe5-6a2a3141e3a9_story.html
The investment properties required $60,000 a year in mortgage payments, but the rental income fell short, forcing the family to make up the difference with loans from relatives and friends. In public, McDonnell was cheered by the nation's GOP elite as

A housing relief program with policies that 'throw people into the grinder'
http://www.theguardian.com/money/2014/jan/19/home-relief-program-florida-mortgage-foreclosure
A housing relief program with policies that 'throw people into the grinder' In Florida the idea behind the two core Hardest-Hit programs was to keep homeowners in their homes by intervening with their banks. If banks participated in Hardest Hit, the program would pay them $18,000 for the homeowner's mortgage arrears and up to 

Florida Mortgage Fraud

2004 mortgage professional Bill Trudelle approached Florida Attorney Charlie Christ at a Florida Mortgage Broker meeting revealing his knowledge ...

'I lost my home because of a computer glitch': Wells' victims seek answers

Aguilar is one of hundreds of homeowners that Wells has identified as victims of a calculation error involving foreclosure attorneys’ fees. He took the $1.9 trillion-asset bank to court on Tuesday, filing a petition that aims to compel Wells to disclose additional information that could be used as the basis for an eventual lawsuit.

The mortgage servicing errors add to the list of woes at scandal-plagued Wells. The bank’s critics say the mistakes are emblematic of a company that devotes insufficient resources to back-office operations and then litigates the resulting customer grievances aggressively.

“This is a problem that goes back to the beginning of the Great Recession, and continues to plague customers of Wells Fargo,” said Timothy Blood, a San Diego attorney who filed a class-action lawsuit in 2010 that alleged the bank improperly denied applications for mortgage modifications.

“They seem to constantly be making errors in processing loan modifications. That’s what their job is.

How can I get a mortgage in Florida with all this stuff happening?

I am 25 years old. My FICO score averages 425. I have 2 judgements on my credit. I make $139,000 and the home I want to purchase is in the 500,000 - 575,000 price range. I have $50,000 to put down. Any suggestions on what to do?


Don't get a mortgage until your FICO is in the 650 range.

The low FICO makes you vulnerable to every bit of trouble in the mortgage industry.