– Citizens CEO suspects water damage claim fraud Citizens, the Fla.-owned insurer of last resort, requested an average 3.2% premium increase, citing a “disturbing” spike in water damage claims out of S. Fla. Safety threat causes broker to cancel open houses An Iowa Realtor received a call saying a...
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– Economic slowdown in China could impact Fla. market China’s recent economic woes could be good news or bad news for Fla. real estate. It could slow int’l sales – or it could make U.S. property more appealing. FHA will allow lending on homes with PACE loans HUD announced...
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– Credit unions gaining ground with buyers A TransUnion study found that more and more buyers are turning their backs on traditional banks and opting to get a mortgage from their credit union. Buyers who want new construction need patience Census Bureau: Buyers who want a new home have...
– Fannie, Freddie to fund more affordable homes The federal agency that sets affordable housing goals for Fannie Mae and Freddie Mac wants 24% of homes for low-income buyers – 6% for very-low income buyers. Mortgage delays: The two top causes One: A buyer who fudges financial details often...
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– Florida Realtors honors 2015 award winners The association honored its own today: Sherri Meadows, 2014 president, is 2015 Realtor of the Year, and Judy Ramella is Associate Realtor of the Year. NAR: Total existing home sales up 2% despite stubbornly low inventory Fla.’s single-family home sales rose 21.8%...
– Downpayments worry buyers more than mortgage rates New York Fed study: A buyer’s decision to jump into the market is influenced more by downpayment requirements than mortgage rates. Traditional Realtor tools a target for lawsuits A store-bought router supplies Wifi in your lobby? Your MLS offers a location-based...
– HUD launches a resource locator app HUD unveiled its HUD Resource Locator – an mobile app and website that it says will “further expand and enhance traditional HUD customer service.” Survey: Which lenders are best for buyers? LendingTree, which represents more than 350 lenders, asked buyers about rates,...
