The Daily Hot Sheet of Top Real Estate News
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Friday, August 21, 2015 
TODAY'S TOP STORIES
Interest-only mortgages return in different form
The loans lower monthly payments but have a bad rep after their toxic role in the recession. But new rules make them safer for the right type of borrower. Read more.
Average rate on 30-year mortgage eases to 3.93%
The FRM rate dropped slightly and stayed below 4% this week. Of experts polled, however, only 16% predict further declines over the short term. Read more.
U.S. could take action against illegal drone use
Recent illegal drone use has led a U.S. senator to file a bill that clips some wings: It would create a "geo-fence" near no-fly zones that drones can't cross. Read more.
Fannie, Freddie to fund more affordable homes
The agency that sets affordable housing goals for Fannie Mae and Freddie Mac wants 24% of homes for low-income buyers - 6% for very-low income buyers. Read more.
Zillow completes transaction - acquires DotLoop
The online real estate advertiser says it finalized the deal to acquire DotLoop, a paperless transaction-management platform. Read more.
NOW YOU KNOW
Mortgage delays: The two top causes
A buyer who fudges financial facts often finds comes back to haunt him. And buyers who spend too much before closing may be told they no longer qualify. Read more.
AROUND FLORIDA
Crestview: Summit Contracting building $8.8M senior center
Lee County: Preservation grants could be history
Palm Beach Gardens: Two office towers proposed
Orlando: Developer interested in Sentinel's south lot
Palm Beach: Town on track for modest property tax cut
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