Bruce Gubnitsky | Bruce Gubnitsky

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Today’s News May 29, 2019

– 885M mortgage, title docs exposed in data breach Mortgage documents dating back to 2003 were exposed by a data breach within First American Financial Corp., a title insurance provider, KrebsOnSecurity reports. Fla. tax holiday on hurricane supplies begins Friday The 2019 hurricane season starts June 1, and Fla.’s...

Today’s News May 28, 2019

– March home prices rose – but at slowest pace in 6 years The SandP CoreLogic Case-Shiller 20-city home price index climbed 2.7% from a year earlier – down from its annual gain of 3% in Feb. How often do buyers bust budgets to get a home? Buyers create...

Today’s News May 23, 2019

– Long-term mortgage rates slip – 4th week in a row The 30-year fixed-rate mortgage averaged 4.06% this week – a drop from 4.07% last week and the average 4.66% rate one year ago. Freddie: Mortgage rates won't go as high as we thought Experts are rethinking their 2019...

Today’s News May 22, 2019

– Tax reform hasn't hurt the RE industry as some predicted A new $10K cap on the federal deduction for state and local taxes led to dire predictions for the real estate market – but no large-scale problem has emerged yet. Renters protected against discrimination by anyone NAR: What...

Today’s News May 21, 2019

– FHA working on plan to approve more condo mortgages A move to approve more FHA condo loans could boost some Fla. markets, give renters access to affordable loans and entice more millennials to pursue ownership. Fla.'s housing market: Sales, median prices rise in April Fla. Realtors data: Existing...

Today’s News May 16, 2019

– Mortgage rates fall again – edge closer to 4% The 30-year FRM dropped slightly to 4.07% this week from last week’s 4.1%. It’s the third straight week for declines due, in part, to the U.S.-China trade war. HUD working on verification plan for service animals Landlords deserve “reliable...

Today’s News May 15, 2019

– Program to boost credit scores requires bank account access A program advertised by Experian, one of the big three credit-score agencies, can help buyers with weak credit histories if they give up some financial privacy. House OKs another short-term flood insurance extension The Senate must now approve the...

Today’s News May 14, 2019

– Judge says Zillow 'co-marketing' lawsuit can proceed A lawsuit alleges that the program allowing lenders to pay for agents’ ads is a RESPA violation. The ruling means only that it has enough merit to move forward. Fla.'s housing market: median prices, inventory up in 1Q Fla. Realtors data:...

Today’s News May 9, 2019

– Mortgage rates dip again – 30-year at 4.1% It’s the second week for declines. A 10-year Treasury note drop due to investor worries over a U.S.-China trade war pushed average fixed-rate mortgages lower. Survey: Consumers say owning easier than renting The longer a home is owned, the more...

Today’s News May 8, 2019

– FBI report: 11,800 internet real estate scams in 2018 In 2018, the Federal Bureau of Investigation received 351,936 internet-related complaints and consumers lost more than $2.7B – $150M of it real estate related. Study: How do most first-time buyers get a downpayment? While 70% of homebuyers used savings,...