South Florida has been the default capital of the country. In Miami-Dade County, one out of five households with mortgages is in foreclosure. Nearby Broward and Palm Beach counties are not far behind. Nearly 200,000 South Florida families are stuck in the mire of default. And yet as Cord Moving and...
Read moreBank of America has agreed to pay $8.5 billion to more than 20 large investors including MetLife, BlackRock and the Federal Reserve Bank of New York, to settle claims related to losses on mortgage securities bought before the housing bubble burst, The Wall Street Journal reports. The payment exceeds...
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