ORLANDO -- Even though foreclosure activity is down substantially for the year in the Sunshine State, Florida still leads the nation in foreclosures.
New figures released last week by the research firm RealtyTrac show that Florida once again had the nation's highest foreclosure rate in November.
Florida has been at the top of the list for 13 of the past 14 consecutive months.
One out of 462 housing units had a foreclosure filing in Florida in November.
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But Florida's foreclosure rate is trending in the right direction: downward.
In November, Florida had a 15 percent annual decrease in foreclosure activity and a 4 percent monthly drop.
SouthTech staff donates to Goodwill for holidays
BRADENTON -- SouthTech employees donated more than 150 pounds of goods to Goodwill Manasota during a companywide seasonal donation drive.
SouthTech connected to Goodwill through its mutual commitment to green business practices. SouthTech, a regional provider of professional IT services, became a "Sarasota County Green Business Partner" in July; that partnership is complimentary to Goodwill's commitment to the environment. In 2013, Goodwill Manasota diverted 37 million pounds from local landfills, and that number continues to increase through partnerships with companies like SouthTech.
The 32 employees who work at SouthTech donated items ranging from small kitchen appliances to clothing and housewares during a two-week donation drive.
Memories of financial crisis fading as risks rise
WASHINGTON -- The lessons of the financial crisis may already be fading from memory.
Last week, Congress acted to loosen the regulation of the high-risk investments that ignited the 2008 crisis. Housing regulators cut minimum down payments on home loans. And the Institute of International Finance declared it "worrisome" that global indebtedness, as a share of world economic output, has reached record levels.
All this comes as subprime auto loans for financially stretched buyers are surging. And the so-called too-big-to-fail banks now loom even larger than before the crisis.
The trend toward pre-crisis lending practices worries analysts who favored far-reaching reforms to safeguard the system.
Sony threatens to sue for publishing stolen emails
WASHINGTON -- A lawyer representing Sony Pictures Entertainment is warning news organizations not to publish details of company files leaked by hackers in one of the largest digital breaches ever against an American company.
The Sony materials include studio financial re
cords, employment files and what already has been revealed as salacious gossip by Hollywood executives.
Attorney David Boies demanded Sunday that Sony's "stolen information" -- publicly available on the Internet -- should be returned or destroyed immediately because it contains privileged, private information. He says the studio could sue for damages or financial losses related to Sony's intellectual property or trade secrets.
Herald staff and wire reports