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Mortgage meltdown changes playing field – "Some of the products that led to problems have gone away, and some of the lenders that made them have had to close their doors," said Joe Carelli, Bank of America’s senior VP for consumer real estate.
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Record low interest rates and bargain home prices are creating a mini-boom in Florida mortgages. loan losses, we did a year ago." There’s also "no longer a free fall of home prices," added Helber,