Did you know that 12M consumers may get July credit-score boost

26 Jun

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12M consumers may get July credit-score boost WASHINGTON – June 22, 2017 – The three largest credit-reporting agencies will begin cleaning up credit reports in July, which could help lift the credit scores of about 12 million consumers. In a survey by the Federal Trade Commission (FTC), one in four people say they spot errors... Read more »

How to celebrate Fourth of July?

26 Jun

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FOURTH OF JULY The Fourth of July—also known as Independence Day or July 4th—has been a federal holiday in the United States since 1941, but the tradition of Independence Day celebrations goes back to the 18th century and the American Revolution. On July 2nd, 1776, the Continental Congress voted in favor of independence, and two... Read more »

Now first time buyers and facing a new competition

23 Jun

Herold

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First-time buyers face new competition DALLAS – June 21, 2017 – Investors are scouring real estate markets looking for low-priced homes, and they’re increasingly stepping on the toes of first-time home buyers, who are hunting in the same price range. “The investor is starting to gobble up pretty much anything under $200,000,” Dennis Cisterna, chief... Read more »

Citing water losses, Florida insurer approves rate hikes

23 Jun

Herold

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Citing water losses, Florida insurer approves rate hikes TALLAHASSEE, Fla. (AP) – June 21, 2017 – Florida’s state-created property insurer, contending that it is dealing with a flood of suspicious water-related claims and lawsuits, is asking state regulators to raise rates for thousands of homeowners next year, including those in the most heavily-populated areas. The... Read more »

Do you know that Florida’ s home sales, median prices may go up in May 2017?

23 Jun

Herold

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Florida’ s home sales, median prices up in May 2017 ORLANDO, Fla. – June 21, 2017 – Florida’s housing market reported more closed sales, higher median prices, more new listings and more pending sales in May, according to the latest housing data released by Florida Realtors®. Sales of single-family homes statewide totaled 27,850 last month, up... Read more »

Do you think that the mortgage credit risk edges up slightly?

21 Jun

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Mortgage credit risk edges up slightly IRVINE, Calif. – June 20, 2017 – Mortgage credit risk edged up slightly in the first quarter of 2017, according to CoreLogic’s Q1 2017 Housing Credit Index (HCI™), which measures trends in six home mortgage credit risk attributes. Those attributes are: borrower credit score, debt-to-income ratio (DTI), loan-to-value ratio... Read more »

Why citizens customers could be paying more in 2018

21 Jun

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Citizens customers could be paying more in 2018 MAITLAND, Fla. (AP) – June 20, 2017 – Florida’s state-created property insurer is probably going to raise its rates again. The board that oversees Citizens Property Insurance will vote Tuesday on a proposal to raise homeowner rates an average 5.3 percent and commercial accounts by an 8.4... Read more »

Could 1031 exchanges go away?

19 Jun

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What do you think would happened if 1031 exchanges could go away? WASHINGTON – June 16, 2017 – A major tax advantage used by the commercial real estate industry may be one of the casualties in sweeping federal tax reform expected this year, The Wall Street Journal reports. Some lawmakers are considering nixing the 1031 exchange... Read more »

Did you know the zero-down loan, It’s making a comeback

19 Jun

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The zero-down loan, It’s making a comeback NEW YORK – June 16, 2017 – Buyers may soon be able to bring less to closing. They were blamed for precipitating the housing crisis years ago, but major lenders are giving no- and low-downpayment loans another shot. Several major lenders are reportedly offering loans with just 1... Read more »

How can you avoid the Craigslist scam which is still around and still a problem?

16 Jun

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The Craigslist scam: Still around, still a problem An apparent scam that has been making the rounds on Craigslist recently could catch people who are looking for a cheap place to rent, but officials and industry professionals say there are plenty of red flags that should warn them off. “It’s just this crazy scam where... Read more »