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| Florida |
| Florida tops again in late mortgages
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| The state led the nation with 12 percent of mortgages somewhere in the foreclosure process at the end of June. Another 10.8 percent were at least 30 days behind in payments, with nearly half of those more than 90 days overdue.
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| @ Bradenton Herald | Posted: 08/21/09 at 0201 EDST
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| Florida sees drop in visitors
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| An estimated 20.1 million people visited Florida from April through June, a 9.4 percent decrease over the same period last year. Reports from Florida's 14 major airports in the second quarter of 2009 reflect a 7.2 percent decrease in departing passengers from the same period in 2008,
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| @ Tampa Tribune | Posted: 08/21/09 at 0315 EDST
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| Lee County, Ft. Myers; retailers holding off on hiring seasonal help
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| Economic downturn mutes store activity
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| @ Ft. Myers News Press | Posted: 08/21/09 at 0320 EDST
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| FPL bills might dip $9 in '10
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| FPL, seeking an increase in its base rate from PSC, says customers would see a drop in their overall monthly bills in 2010 because of declining energy costs.
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| @ Miami Herald
| Posted: 08/21/09 at 0330 EDST
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| Midwest |
| Nearly 14% of Illinois mortgages behind or in foreclosure
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| Nearly 14 percent of home mortgage loans in Illinois were in foreclosure or behind on payments at the end of the second quarter, up from 9 percent a year earlier. Past-due loans hit 9.2 percent, up from 6 percent a year earlier. The percent of loans in the foreclosure process stood at 4.7 percent, up from 3.1 percent.
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| @ Chicago Sun Times | Posted: 08/21/09 at 0345 EDST
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| Greater Milwaukee home sales increase in July
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| The South Central Wisconsin MLS reported 754 house and condominium sales in Dane County in July, compared with 705 in July 2008, for an increase of 7 percent. Sales this July also exceeded the tally this June, when 666 sales were made. From January through July this year, there were 3,114 sales, down 11 percent from 3,507 last year.
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| @ Wisconsin State Journal | Posted: 08/21/09 at 0400 EDST
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| More than 15 percent of Indiana homeowners with a mortgage had fallen behind on their payments
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| Traditional mortgages fuel growing foreclosures
Fixed-rate loan delinquencies have risen with jobless rate.
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| @ Indianapolis Star | Posted: 08/21/09 at 0415 EDST
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| National |
| Delinquent mortgages reach record numbers
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| With the recession throwing thousands of people out of work daily, more than 13 percent of American homeowners with a mortgage have fallen behind on their payments or are in foreclosure.
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| The delinquency rate breaks the record set last quarter on records dating back to 1972.
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| The delinquency rate for mortgage loans on one-to-four-unit residential properties rose to a seasonally adjusted rate of 9.24 percent of all loans outstanding as of the end of the second quarter of 2009, up 12 basis points from the first quarter of 2009, and up 283 basis points from one year ago. The non-seasonally adjusted delinquency rate increased 64 basis points from 8.22 percent in the first quarter of 2009 to 8.86 percent this quarter.
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| @ Mortage Bankers Association
| Posted: 08/21/09 at 0419 EDST
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| @ Sarasota Herald Tribune | Posted: 08/21/09 at 0419 EDST
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| This time, the rich aren't getting richer
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| Economists say -- and data are beginning to show -- that a significant change may in fact be under way. The rich, as a group, are no longer getting richer. Over the last two years, they have become poorer. And many may not return to their old levels of wealth and income anytime soon.
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| @ Sarasota Herald Tribune | Posted: 08/21/09 at 0419 EDST
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| Costa Rican Central Bank Mulls Exchange Rate Cap
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| Although a gradual increase in the exchange rate is normal, as the rate nears ¢600/$1, the Central Bank (BCCR) has confirmed that it is considering placing a ceiling on the exchange rate. The ceiling rate would cap the exchange rate at a fixed amount and dismantle the “buy” and “sell” values of the colón, which fluctuate daily.
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| @ Tico Times Costa Rica | Posted: 08/21/09 at 0646 EDST
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| The world economy has stopped shrinking. That’s the end of the good news
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| IT HAS been deep and nasty. But the worst global recession since the 1930s may be over. Led by China, Asia’s emerging economies have revived fastest, with several expanding at annualised rates of more than 10% in the second quarter. A few big rich economies also returned to growth, albeit far more modestly, between April and June. Japan’s output rose at an annualised pace of 3.7%, and both Germany and France notched up annualised growth rates of just over 1%. In America the housing market has shown signs of stabilising, the pace of job losses is slowing and the vast majority of forecasters expect output to expand between July and September. Most economies are still a lot smaller than they were a year ago. On a quarterly basis, though, they are turning the corner....BUT
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| @ The Economist | Posted: 08/21/09 at 0652 EDST
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| UK economic figures provide glimmer of hope
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| The Bank of England released headline figures for its M4 money supply measure, which showed that for July this key metric grew by 1 per cent compared to June. Growth of M4 is regarded as a signal that the quantitative easing programme may be boosting economic activity .
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| @ Financial Times - UK | Posted: 08/01/09 at 0655 EDST
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