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Citigroup To Help Borrowers Not Yet Delinquent on Mortgages

ORLANDO, Fla. – Nov. 11, 2008 – Saying it will target borrowers in markets likely to face extreme economic distress and further declines in home prices, Citigroup, one of the nation’s largest banks, will expand its foreclosure prevention efforts to include borrowers...

Housing Market Shows Signs of a Rebound

ORLANDO, Fla. – Nov. 10, 2008 – Pending home sales slipped 4.6 percent nationwide in September from August but remained 1.6 percent higher than a year earlier, a sign that the battered housing market is “still in a broad period of stabilization,” the National...

Florida CFO Sink Launches ‘Florida Housing Help’ Web Site

TALLAHASSEE, Fla. – Nov. 10, 2008 – To provide immediate assistance to Florida homeowners searching for federal housing assistance, Chief Financial Officer Alex Sink and her Financial Action Team (FACT Team) announced the launch of “Florida Housing Help,” a new Web...

Borrowers Wanted: Banks Have Cash But Few Clients

NEW YORK (AP) – Nov. 7, 2008 – Billions of federal bailout dollars are flooding the financial system, credit markets are loosening and many banks say they are ready to lend. But a crucial piece needed to solve the credit crisis is still missing: borrowers. With the...

Pending Home Sales Down on Tight Credit Economic Slow Down

ORLANDO, Fla. – Nov. 7, 2008 – Pending home sales fell on the heels of a strong gain a month earlier as credit tightened and economic conditions deteriorated, according to the National Association of Realtors® (NAR). The Pending Home Sales Index, a forward-looking...

Layaway Program

Homebuyers who have trouble saving for a downpayment now have another option – homebuyer layaway plans. With the demise of seller-funded downpayment assistance programs, residential builders are considering other options, and many are rolling out downpayment...