NEWS
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Real estate historically swings from a buyer’s market to a seller’s market, and early 2022 signs suggest it’s moving toward a balance between the two.
Policies under FedNat Insurance Company and sister companies Maison and Monarch National will cancel in June, according to terms of a consent order.
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%.
Online buyers will soon feel as if they’re flying a drone over a potential home. It’s only in a few cities so far, but with plans to expand over time.
Citizens, the Fla.-operated “insurer of last resort,” OK’d a $1M settlement with Coral Gables’ Strems Law Firm after alleging its actions pushed up insurance costs.
As refinances plummet, lenders seeking new business still follow tighter lending rules, but they’re creating diverse programs, including some for self-employed buyers.
Experian says things “are moving in the right direction,” but 2 of 3 lenders note challenges, like a struggle to have the right technology, data and talent.
Documents available in Spanish cover info about the Fair Credit Reporting Act, the Real Estate Settlement Procedures Act and the Truth in Lending Act.
Noting that Anywhere ends in “re” for real estate, Realogy says the new branding will “rename and rebrand the company” and “reinforce our commitment” to the future.
Some sellers hear about today’s bidding wars and pre-emptively overprice their home, only to feel shame – “What’s wrong with my house?” – if no bids come in.
Faked online sales and rentals netted a criminal $300K from 45 Fla. families. The scam included fake title companies, websites, title agents and email addresses.
It’s the highest level since 2009 and due, in part, to the Fed’s moves to fight inflation. One year ago, a 30-year, fixed-rate mortgage averaged 2.94%.