Suntrust to pay more than $1Billion in Settlements

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ATLANTA – Oct. 11, 2013 – SunTrust Banks Inc. said Thursday that it agreed to cash payments and consumer relief totaling more than $1 billion to settle claims over its handling of government-backed mortgages. The Atlanta-based banking company said that it agreed to provide $500 million in consumer relief and pay $468 million in cash to settle claims by the …

Closed Home Sales Up 22% in Third Quarter of 2013

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Closed Home Sales Up 22 Percent in Third Quarter 2013    Naples, Fla. (October 18, 2013) – The Naples area real estate market is outperforming last year’s third quarter activity as shown by three key real estate market indicators: sales, median closed price and inventory.The key indicators signal that the uptrend in the real estate market continues and it’s still a …

FAQs for Biggert-Waters Flood Insurance Reform

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TALLAHASSEE, Fla. – Oct. 7, 2013 – Homeowners hit with substantial increases in their flood insurance as a result of recent changes in the federal program should do their homework, experts say, because there may be ways to lower their bills. “A lot of people don’t know the flood map is not set in stone,” said Jason Cummins of Cummins-Cederberg, …

Alex Rodriguez buys Miami Condo

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With a 211-game suspension and the possibility, it appears, of his major league career coming to a premature end,  Alex Rodriguez has embraced a more frugal lifestyle. The embattled New York Yankees slugger recently purchased a new high-rise condo in South Beach. However, it is not quite what we have come to expect of baseball’s richest player.  A-Rod shelled out only $2.1 million for the three-bedroom …

White House: President ‘committed’ to Everglades restoration

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WASHINGTON – Oct. 1, 2013 – The White House highlighted its continued support for working with Florida to restore the Everglades, after Gov. Rick Scott requested that President Barack Obama personally inspect damage caused by increased water releases from Lake Okeechobee. “The president remains committed to the administration’s partnership with the state of Florida in our shared goal of restoring …