The Real Deal Miami

Florida and the spill: reality check

June 29, 2010 10:30AM

Now that tar balls are showing up on Florida beaches, Fitch Ratings says that will intensify Florida’s housing crisis. Half of all securitized, non-agency mortgages in Florida are more than 60 days delinquent, and 85 percent of all Florida mortgages are non-prime. [CNBC]