WASHINGTON – Aug. 1, 2008 – Happy birthday, credit crisis. It was a year ago August that the world began to suspect the economy was heading into something worse than a slump. Now as another August heaves into view, the credit crisis is a year bigger and – like many 1-year-olds – indiscriminate about where [...]

WASHINGTON – Aug. 1, 2008 – Rates on 30-year mortgages, which shot up last week to the highest level in nearly a year, dropped slightly this week following passage of a housing rescue bill.
Freddie Mac reported Thursday that the nationwide average for 30-year mortgages dipped to 6.52 percent this week, down from 6.63 percent last [...]

In light of the recent media buzz surrounding Florida’s Office of Financial Regulation (OFR) and the Miami Herald’s investigation of more than 10,000 individuals with criminal backgrounds who were issued licenses to work in the mortgage industry, the FAMB applauds the efforts of all who have brought this long-standing problem in our industry to the [...]