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Franco Fernandez | CBS 12 News | “Banks pay FL homeowners as part of settlement.” Watch Video Here

Josh Salman | Herald-Tribune | “Foreclosure rates in Southwest Florida fell in November from the same time last year, continuing a trend of home loan delinquencies that have slowly waned throughout the past year. The rate of foreclosures among all outstanding mortgage loans in the North Port-Sarasota-Bradenton area was 6.04 percent in November, the latest dataRead more

“Realty Trac has released new data from July showing the Florida counties with the highest foreclosure rate.” See slideshow here

ROBERT JABLON | Associated Press | “The Los Angeles city attorney sued Wells Fargo and Citigroup on Thursday, alleging the companies engaged in mortgage discrimination that led to a wave of foreclosures in minority communities during the housing crash. The twin lawsuits, filed in federal court, are the latest fallout from the 2008 collapse of theRead more

Eric Kalis | Palm Beach Post | The Real Deal | “For homeowners in Florida, obtaining a loan modification through the federal government is not necessarily preventing future defaults. The inspector general for the Troubled Asset Relief Program says 27 percent of Florida homeowners who modified mortgages through the Home Affordable Modification Program have onceRead more

Pamela M. Prah | Stateline | “Some of the states hit hardest by the foreclosure crisis aren’t spending millions of dollars that the federal government has set aside to help struggling homeowners, a new report shows. Of $7.6 billion the federal government has provided in the “Hardest Hit Fund” to help homeowners, states have disbursedRead more

Francys Vallecillo | World Property Channel “The median price for Florida’s existing single-family homes sold in October was 16.6 percent higher than last year, marking the 23rd consecutive month of yearly price increases, according to Florida Realtors. The statewide median sales price for single-family homes reached $169,000 in October. The median price for townhomes/condos reachedRead more

Alyssa Gerace | Reverse Mortgage | “On Tuesday, Florida will reportedly announce a new program aimed reverse mortgage borrowers in the state who have defaulted on their loans after struggling to remain current on their taxes and insurance. The Florida Housing Finance Corporation is introducing the Elderly Mortgage Assistance Program as part of its $1 billion Hardest Hit Fund. It’sRead more

By Josh Salman | Herald-Tribune | “Florida’s $1 billion program to help prevent foreclosures in the wake of the housing crisis continues to diversify. The Florida Housing Finance Corp. announced Tuesday it would earmark $25 million of its Hardest-Hit Fund to help elderly homeowners with reverse mortgages. The agency says the new program will help recession-battered FloridiansRead more

Prashant Gopal | Bloomberg | “The share of U.S. mortgages that are seriously delinquent fell to a five-year low as job gains help borrowers keep up on payments while rising home prices enable others to sell. The percentage of home loans that were more than 90 days behind or in the foreclosure process fell to 5.65 percent in theRead more