The government may announce a plan as early as today to use $50 million from the bailout bill to guarantee about 3 million mortgages. The program, run by the Federal Deposit Insurance Corporation, might involve lowering interest rates on loans for a five-year period. More than 4 million American homeowners were behind on their mortgage payments at the end of June, according to the Mortgage Bankers Association.
|Dufry signs lease for future HQ at Prologis’ Beacon Lakes|
|Brightline owner’s proposal to build a new Miami-Dade courthouse lives on|
|Developers refinance 2500 Biscayne, sell ownership stakes|
|New renderings of Aston Martin Residences, Estates at Acqualina & more|
|Home sales, prices rose in all three SoFla counties in January: Florida Realtors|