SFL Real Estate news- Events that could bolster housing market now!
SFL Real Estate news- Events that could bolster housing market now!
TODAY'S TOP STORIES
Confluence of events could bolster housing market
Fitch Ratings: No single event - the new 3% mortgage, lower FHA insurance premiums, etc. - will spark a big housing rebound, but the sum of all events could. Read more.
FHA mortgage insurance rate cut takes effect Jan. 26
30-year FRMs with less than 5% down will have their FHA mortgage insurance cut from 1.35% to 0.85%; however, a cut won't extend to 15-year FRMs. Read more.
Changes could divert more water to Everglades
Most environmentalists agree that Fla. needs to cut back on water overflows to the Indian River Lagoon and St. Lucie River, and "send it South" to the Everglades. Read more.
U.S. home equity continues to improve
CoreLogic: More homeowners are starting to see home equity, but Fla. still ranks second in its percent of owners with a mortgage that remain underwater. Read more.
Citizens Insurance continues shedding policies
After approving a 93.5K policies "takeout" Fri., the Fla.-owned insurer said an uptick in private insurer interest might help it shrink even more than predicted. Read more.
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