News / Features

HUD Announces Green Refinance Plus Program

Today, the Federal Housing Administration (FHA) and Fannie Mae announced Green Refinance Plus, a new program which will assist owners of existing affordable apartment buildings in paying for energy efficient

Miami Ranked Top City for Buying vs. Renting

Miami is currently ranked as the number one city to buy vs. rent, in a tie with Las Vegas; with a previous ranking as the fifth best city last month, Miami’s market is heating

HUD Begins Regulatory Review Under White House Order

HousingWire.com reported the Department of Housing and Urban Development began a review of its regulations and will continue a periodic review for other rule changes as directed from an executive order from President

NAR Calls for Comprehensive Reform of Mortgage Market

Yesterday, at a Senate Banking, Housing and Urban Affairs Committee hearing, National Association of Realtors President, Ron Phipps announced support of comprehensive reform, in order to alter the current model of the secondary mortgage market, said Gamut

Questionable Foreclosure Practices, Banks Face Liability Costs of $17 Billion

State attorneys general announced Tuesday that if a settlement is not reached, some of the nation’s largest banks will face potential liability costs amounting to $17 billion; these potential civil lawsuits have been rendered in regard to improper foreclosure

Economist Predicts Stability Within Two Years

National home prices are expected to stabilize within two years, according to chief economist of Fiserv, David Stiff, said the Chicago

Hardest Hit Fund Outreach Expands

Bank of America has provided $2.8 million to the Hardest Hit Fund toward mortgage payments, to 700 borrowers, according to Housing Wire. The fund, introduced in February 2010, supplies $7.6 billion in federal aid to struggling unemployed homeowners in

New Home Sales on the Rise in April

A glimpse of hope has finally surfaced after months of primarily negative data; in April, the U.S. Commerce Department data recorded a 7.3 percent rise in sales of new single family homes, according to Agent

Keys Gate Files Lawsuit

Keys Gate, a Southern Florida community consisting of approximately 3,000 homes, condos and townhomes, has recently recovered roughly $8,300 from delinquent owners, according to Sun

Arrests Made in Mortgage Fraud Schemes

Through a nationwide mortgage fraud sweep, titled “Operation Stolen Dreams,” that caught 485 people, Miami authorities arrested two individuals targeting the Haitian-American community, falsely leading victims to believe that they could assist them with immigration and housing issues, according

Penthouse Sells for Highest MLS Recorded Price-per-Square-Foot

At nearly $1,020 per square foot, the $3.25 million sale of the Jade Ocean penthouse set the bar high for properties in Sunny Isles Beach, as the highest ever MLS-recorded-price-per-square-foot home; sold by MC2, the 44th and 45th floor

Bill May Narrow FHA Loan Availability

The “FHA-Rural Regulatory Improvement Act of 2011,” a draft bill proposing a minimum down payment of 5 percent, an increase over the current 3.5 percent down payment required to be able to take out a FHA-backed loan, will be

Social Media Platform Optimizes Real Estate Marketing

Miami-based social media marketing platform Esolist assists real estate professionals in selling properties, handling Facebook, Twitter, LinkedIn, and YouTube, all while driving more traffic and generating more leads, according to a press

Foreclosures Strain Market

The number of foreclosed homes is escalating — economists are projecting that selling the current amount of more than 872,000 bank-owned properties will take approximately three years; meanwhile, home values nationwide may fall another 5 percent by the end

Property Crimes Down 2.8 Percent

The Federal Bureau of Investigation (FBI) found that property crimes including burglaries, larceny/theft, and motor vehicle theft all decreased in 2010, with a decline of 2.8 percent in all city categories, according to

Governor Scott Passes Bill Regarding Reinsurance

On Tuesday, Governor Rick Scott signed a bill enabling home insurers to raise premiums up to 15 percent a year for reinsurance, according to the Sun

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