Naples Real Estate News – 07/05/07

July 8, 2007

FLORIDA POPULATION GROWTH – Florida had two cities among the 10 fastest-growing cities in the U.S., according to the latest U.S. Census Bureau population estimates. Port St. Lucie ranked third for fastest growth rate among large cities (100,000 or more population), while Cape Coral came in fourth.
CITIZENS PROPERTY INSURANCE – A property insurer should have [...]

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Naples Real Estate News – 07/03/07

July 8, 2007

SUBPRIME LOANS – Wall Street’s money and expertise may have helped transform subprime lending into a major force in the U.S. financial markets. But, with foreclosures on the rise and the current subprime loan meltdown, many critics say that Wall Street firms threw too much money at the market, giving lenders a growing incentive to [...]

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Naples Real Estate News – 07/02/07

July 8, 2007

SUBPRIME LENDING – Banking regulators on Friday completed voluntary guidelines that call on federally regulated lenders to verify borrowers’ incomes, include a clear disclosure of the mortgage terms, and give property owners at least 60 days to refinance without penalty if their loan is about to jump to a higher rate.
Subprime borrowing has had a [...]

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