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Not two generations ago, it was difficult for home buyers in Florida to get a mortgage from their local financial institution without a 20% Down payment.Few people could manage the savings required and many otherwise qualified Floridians didn’t get approved for the funds to buy a home in Florida because they did not have the minimum Down.
Miami Feds Pinch Four In Alleged Refinance Ripoff; Reverse Mtg Proceeds Illegally Diverted, Existing Liens Remain Unpaid; Some Seniors Face F’closure In Miami, Florida, The Miami Herald reports: Three South Florida mortgage professionals conspired with a Pittsburgh title agent to defraud senior citizens through a reverse mortgage scam, according to allegations unveiled Wednesday by U.S. Attorney Wifredo Ferrer.
New York fund manager pleads guilty to Belize airport scam – Global Rubber Markets By Andy Bruce and Jonathan Cable. LONDON (Reuters) – British inflation hit its lowest in nearly two years in December as fuel prices fell, leaving the Bank of England under no pressure to carry on raising interest rates as uncertainty over Brexit dominates the economic outlook.
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