loans

Jason Shapiro  of Aztec Group

Aztec Group secures $15 million for Estero project

UPDATED Jan. 12, 6 p.m. Aztec’s representative said the deal has yet to be finalized. Miami-based Aztec Group Inc....

Aztec Group secures $15 million for Estero project
How borrowers buy condos under construction

How borrowers buy condos under construction

Not everyone can pay cash for a new condo while it’s under construction, but financing is available, often in the form of a jumbo mortgage loan. Peter Grabel, managing director of Stamford, Connecticut-based Luxury Mortgage,...

How borrowers buy condos under construction
Jumbo mortgage loans booming in South Florida

Jumbo mortgage loans booming in South Florida

Jumbo mortgage loans from banks in South Florida are growing in size and dollar amount. Lenders like TD Bank,...

Jumbo mortgage loans booming in South Florida
Miami housing costs soar past affordability threshold

Miami housing costs soar past affordability threshold

Miami rents have climbed high enough to consume 43 percent of the typical household income, according to a new...

Miami housing costs soar past affordability threshold
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Lenders pony up $900M for new coastal condos

Developers are planning to build about 150 new condo towers, offering a cumulative 20,200 units, in coastal South Florida....

Lenders pony up $900M for new coastal condos
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Florida banks return to vying for real estate loans

Florida banks newly infused with cash are competing for a burgeoning pool of real estate loans, pushing down interest...

Florida banks return to vying for real estate loans
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Ocwen, Fortress compete for ResCap’s $200 billion servicing portfolio

Ocwen Financial and Fortress Investment Group have emerged as the leading bidders in an auction for bankrupt Residential Capital’s...

Ocwen, Fortress compete for ResCap’s $200 billion servicing portfolio
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FHA rescinds strict credit restrictions

In a policy switch that could be important to thousands of applicants seeking low-down-payment home mortgages, the Federal Housing Administration has rescinded tough new credit restrictions that had been scheduled to take effect July...

FHA rescinds strict credit restrictions
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Distressed loans linked to CMBS on the rise

The number of distressed loans tied to commercial mortgage-backed securities inched up last month, according to information from analytics firm Trepp, the Wall Street Journal reported. About 9.6 percent of CMBS loans tied to...

Distressed loans linked to CMBS on the rise
Reduced federal loan limit could sink housing prices

Reduced federal loan limit could sink housing prices

In its bid to reduce taxpayers’ $141 billion exposure to housing mortgage risk and spur private investment in the...

Reduced federal loan limit could sink housing prices
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