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NAR: To Boost Mortgage Market, Treat Fannie, Freddie like Utility

Published January 15, 2021

Fannie and Freddie oversight must change, and NAR strongly advocates a proposal it says will keep loan money flowing: Treat the two big lenders like they’re a utility.


‘Clean’ Tech Takes Virtual Stage at Consumer Electronics Show

Published January 15, 2021

New technology often springs from demand, and a host of new home cleaning tools were introduced at the 2021 event – such as robots with ultraviolet light capabilities.


All Lenders Can Offer New PPP Program Starting Tues.

Published January 15, 2021

Lenders with less than $1B in assets debuted new PPP loans on Friday, an SBA push to help smaller programs. But large lenders start Tues., according to SBA and Treasury.


Opendoor Struggling to Maintain iBuying Dominance

Published January 15, 2021

The pandemic’s social distancing rules seem ideal for iBuyers’ success, but in today’s sellers’ market, many homeowners think they’ll make more money listing in the MLS.


Environmentalists’ Lawsuit Challenges Fla. Permitting Change

Published January 15, 2021

The U.S. Environmental Protection Agency shifted development approval for sites that include wetlands to the State of Florida, and developers praised the change, saying it cuts down lots of red tape. However, environmental groups have filed a lawsuit challenging EPA’s decision.


Fla. Gets $85.8M to Address Housing Instability, Homelessness

Published January 15, 2021

The money goes to rental assistance, emergency shelters and street outreach programs that connect unsheltered homeless people with local housing and essential services.


Mortgage Rates Poised to Rise as U.S. Treasury Yields Surge

Published January 14, 2021

Will rates keep going up? Maybe. Long-term bond yields are up, often a precursor for mortgage rates, as investors expect a recovery and more money to boost the economy.


Mortgage Rates Move Noticeably Higher This Week

Published January 14, 2021

The 30-year, fixed-rate mortgage averaged 2.79% this week, a relatively large increase from last week’s record-low 2.65%. But one year ago, the rate averaged 3.65%.


Beware: Scams Still Lurk in Craigslist Home Rental Ads

Published January 14, 2021

There’s no single goal for scammers who copy pages and change a few details. Some hope to get personal information; others want victims’ rental deposit money.


Business Liability Protection Clears First Legislative Hurdle

Published January 14, 2021

A Florida Realtors-supported concept – liability protection for COVID-19 claims if businesses “substantially” follow health guidelines – passed its first committee.


Will the End of Forbearance Create a Rush of Foreclosures?

Published January 14, 2021

At this point, lenders don’t know. Thanks to easy application terms, they’re not sure how many homeowners are at risk and how many took forbearance “just in case.” On Jan. 3, about 1 in 20 mortgage holders (5.5%) were in a forbearance program, according to mortgage bankers.


12 Florida Master-Planned Communities Make Top 50 List

Published January 14, 2021

John Burns Real Estate Consulting recognized the nation’s top 50 master-planned communities, saying more than 37,000 people moved to one of them in 2020.


Is Wall Street Relocating to Fla.’s Sunny Shores?

Published January 13, 2021

Wall Street execs like Fla.’s warm weather and tax laws, and a lot of power brokers relocated to Miami to ride out the pandemic. Now many of them don’t want to go back.


Fla. Senate Discusses Climate Change Issues

Published January 13, 2021

Sen. Ray Rodrigues, R-Estero, filed a proposal to establish an Office of Resiliency that operates under Gov. Ron DeSantis, and a nine-member Sea-Level Rise Task Force to create baseline projections on expected sea-level rise and its flooding impact on Fla.’s coastlines.


Single-Family Rentals: A Good Deal for Investors

Published January 13, 2021

Thanks to TV, investors often think home flips are the main way to make money off of single-family homes, but a hold-and-rent-out purchase could be the better option.


NAHB: More Construction in Second-Home Markets

Published January 13, 2021

In areas with a lot of vacation and second homes, single-family construction rose 13.6% in the third quarter; in areas without second homes, it only rose 10.5%.


Brokers: Teach Your Team About Business Profitability

Published January 13, 2021

Revenue and expense management classes are the gift that keeps on giving. Agents who know how to keep an eye on the bottom line also maximize profits for their broker.


RE Q&A: If a Mortgage Cosigner Dies, Who Inherits the Home?

Published January 13, 2021

A father cosigned a loan so his daughter could buy a house, but what happens if he passes away? Would her brother be able to take over their father’s portion of the home?


DeSantis Provides Details on Fed’s Rental Assistance Program

Published January 12, 2021

Cities and counties with populations of 200K-plus will distribute their rental-assistance money to landlords and renters (about $550M), and Fla. will distribute the funds in all other areas (about $850M). The dollar amounts are estimates, and DeSantis expects funding “in the coming weeks.”


FHFA Seeking Comments on Appraisal Process Overhaul

Published January 12, 2021

Appraisal policies may (or may not) change, but the industry’s federal oversight administration put out a request for comments about current home appraisal practices.

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