The housing crisis has become less severe for subprime borrowers but continues to be a problem for prime borrowers, those with better credit. Prime foreclosure starts jumped 83 percent in May, while subprime foreclosures fell 16 percent, according to the Hope Now Alliance, a group of mortgage servicers and investors. The total number of mortgages that were delinquent, or more than 60 days late, hit a record high of 5.65 percent in May.
|Miami investors score EB-5 funding for charter school in south Miami-Dade|
|Missoni Baia, Paseo Miami and Coconut Grove Playhouse submit new plans|
|Investment firm tied to Sol Goldman buys Manalapan mansion|
|Red light camera millionaire buys two bayfront Belle Meade homes|
Joint venture scoops up office complex