Ft Lauderdale Lifestyle Blog

City Budgets Pinched From Falling Values Many states are having to borrow for necessary expenditures and dip into "rainy day" funds to fill budget gaps and avoid tax increases. Find out the 10 states feeling the tightest squeeze.
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Lawsuit Claims Countrywide Misled Borrowers Florida is the latest state to join Illinois and California in a lawsuit that accuses Countrywide of unfair and misleading trade practices. Full Story

Mortgage Ruling Could Have Big Impact

The 7th U.S. Circuit Court of Appeals is expected to rule this month on a case that could force the U.S. banking industry to cancel or rescind loans if borrowers prove that their lenders violated a federal lending disclosure law. Full Story

Wave of Subprime Loans Ready to Reset

More home owners are facing an increase in the payment on their subprime adjustable-rate mortgages. Full Story

Wachovia to End Option ARM Loans

Wachovia announced Monday that it would stop offering option ARMs and allow existing option-ARM borrowers to avoid prepayment penalties. Full Story

Celebrities Have Money Troubles Too

Well-known actors and entertainers are finding they aren't immune to foreclosure. Full Story