The Miami Herald newspaper during an eight-month investigation found that the state of Florida allowed from 2000 to 2007 more than 10,000 ex-convicts work in the mortgage business. Of course, these people with criminal records had access to borrowers’ key personal financial information.
A report released last week by The Brookings Institution, a think tank, said that the housing slowdown has slowed the formerly fast growth of cities in places like Florida and the Mountain West region. Previously, the hot housing market, which has, of course, cooled considerably, helped fuel large population growth in these parts of the country.
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Written by Dan Rafter [email] for b5media.
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