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Florida Home Loans Make Up 20 Percent of Nation

From April to June, Florida accounted for 1 out of every 5 home loans in the nation, a sign that historically-low rates and unprecedented affordability are contributing to a mini-boom in the Sunshine

Construction Adds 26,000 Jobs in 2011

After four years of negative job growth, the construction sector is experiencing positive gains in 2011, adding approximately 26,000 jobs to payrolls in 2011, according to new data from the Bureau of Labor

Uncle Sam Open to Ideas on Foreclosed Properties

The U.S. government is soliciting ideas on how to responsibly unload the 248,000 foreclosed properties currently in its possession, a total that represents almost a third of the nation’s foreclosed

Fannie Defaults at 4.08 Percent, Lowest Level in Two Years

Single-family mortgages by Fannie Mae that have been in default for more than 60 days fell to 4.08 percent in June and July, the lowest level in two

Fed Governor Urges Action on Housing

Federal Reserve Governor Elizabeth Duke called on Washington for aggressive action on housing, citing refinancing and property conversion as two possible

Appraisers Apprehensive about New Rules

New rules and regulations for appraisers of Fannie Mae and Freddie Mac properties have some in the industry fearing that the new steps will needlessly complicate the

Five-Year ARM Sets New Record Low at 2.96 Percent

Freddie Mac’s five-year ARM rate set a new record low yesterday, falling to 2.96 percent, a 0.56 percent decline from a year

Independent Mortgage Profits Rise to $575 a Mortgage

Profits on independent loans rose from $346 to $575 per mortgage for the second quarter, according to a new report by the Mortgage Bankers Association

Private Mortgage Modifications Up 11 Percent in July

Mortgage modifications by private companies rose 11 percent in July, according to data from the Hope Now alliance, a rate that far exceeds that of the government’s Home Affordable Modification Program

CoreLogic Price Index Up 0.8 Percent

The CoreLogic Home Price Index rose for the fourth consecutive month in July, increasing by 0.8 percent for the month and 5.5 percent over March’s

Obama Could Announce Housing Stimulus Next Week

President Obama is expected to answer calls of action and announce a housing stimulus plan next week during a planned speech on job

Wendell Davis honored as Realtor of the Year

Florida Realtors has named Wendell Davis its 2011 Realtor of the Year, an award it has bestowed for more than 50

Pending Homes Sales Up 19 Percent in Miami-Dade

Pending home sales in Miami-Dade County rose 19 percent in July from a year ago according to data from the Miami Association of Realtors (MAR), a promising sign for future growth in

REO Properties Decline from 550,000 to 493,000 in Q2

REO properties declined in the second quarter from 550,000 to 493,000, according to research by Calculated

Mortgage Delinquency Rates at Lowest Level Since 2009

Data for mortgage delinquencies posted numerous gains in the second quarter, most notably that delinquency rates are now at their lowest level since 2009, according to the Federal Deposit Insurance

Case-Shiller Reports 0.6 Percent Increase in Home Prices for Miami

Standard & Poor’s released its Case-Shiller Home Price Indices for June 2011 earlier today, reporting that home prices rose for both Miami and the nation in the second

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