3 Fla. Metros in Top 15 for Mortgage Fraud
Buyers feel pressure to lie on mortgage applications as homes become less affordable, and it’s become more prevalent in South Fla., Orlando and Tampa metros.
Buyers feel pressure to lie on mortgage applications as homes become less affordable, and it’s become more prevalent in South Fla., Orlando and Tampa metros.
Listings already include info on a listing’s risk for flooding but going forward, they’ll also have a warning about the potential risk from wildfire damage.
Most of the money goes toward affordable housing, but it’s also used for other HUD housing programs, such as specific aid for some at-risk populations.
At 69, NAHB’s confidence index remained in positive territory, but it dropped 8 points due to rising interest rates, a lack of workers and supply-side issues.
Biden hopes to close the housing supply gap within five years. He announced immediate changes, but the extensive plan requires some congressional action.
Fraudsters troll obituaries seeking homeowners who died, then lie and forge documents to claim ownership, often to the surprise of the actual heirs.
A house’s claim history can increase premiums for future coverage – or even kill a deal if it has issues that cause insurers to consider it an unacceptable risk.
MBA: Demand for adjustable-rate mortgages has reached a 14-year high. At the beginning of the year, ARMs made up 3% of all loans; now it’s 11%.
Real estate historically swings from a buyer’s market to a seller’s market, and early 2022 signs suggest it’s moving toward a more balanced market.
Policies under FedNat Insurance Company and sister companies Maison and Monarch National will cancel in June, according to terms of a consent order.