The Federal Reserve Board announced yesterday morning it has approved the long awaited final rule amending Regulation Z (Truth in Lending) which it believes will help protect consumers by promoting responsible lending practices. According to Fed Chai...
The mid year 2008 Naples real estate sales statistics for both homes and condominiums are listed below. Naples is considered the "Crown Jewel" of Southwest Florida's coastal cities. It is very well known for its 5th Avenue shopping, artists...
In one of the largest bank failures ever, IndyMac Bank was seized this afternoon by federal regulators. The Office of Thrift Supervision said it transferred IndyMac's operations to the Federal Deposit Insurance Corporation because it did not think it...
Effective July 14, 2008, FHA will implement a risk based premium policy for its mortgage insurance (MI) on 1 to 4 unit single family mortgages. The premiums will vary slightly based on the term of the loan (i.e. 30Yr versus
The Federal Housing Administration announced today it will temporarily lift the 90-day waiting period for property resales financed using an FHA loan. The 90-day waiting period was established in 2003 to help counter predatory lending practices and i...
The American Society of Home Inspectors (ASHI) today announced the creation of a Client Bill of Rights to help protect home buyers in their home inspection process. According to Bill Loden, chairman of the ASHI Code of Ethics Committee, the
Who says conservatives won't do anything about health care. Surely not Florida Republican Governor Charlie Crist. He succeeded in getting his new and innovative health insurance reform plan through the state legislature that even the Democrats are ha...
The January thru March Ft. Myers real estate market statistics for both homes and condominium sales are listed below. Known for its fabulous winter weather, Ft. Myers is a metropolis bustling with historical, cultural, and ecological attractions and ...
Imagine the surprise of many home sellers when they become aware that Fannie Mae, Freddie Mac and most of the major lender guarantors have identified their Metropolitan Statistical Area (MSA) as a declining market. Talk about a kick in the
Governor Charlie Crist signed the property insurance reform "Homeowners' Bill of Rights" into law yesterday. It offers a number of protections and upgrades for Florida homeowners. In his letter issued to the public, Gov. Crist said "th...
The January thru March Ft. Myers Beach real estate sales statistics for both homes and condominiums are listed below. Ft. Myers Beach is the "happening" locale on Southwest Florida's Lee Island Coast. Ft. Myers Beach offers every amenity yo...
Lured by lower prices, buyers figured out the bottom is here and now is the time to buy again in Southwest Florida. For those still sitting on the fence, many of the best properties are quickly being snapped up and
The January thru March Naples real estate market statistics for both homes and condominium sales are listed below. Naples, known as the "Crown Jewel" of SW Florida's Gulf Coast, is a truly cosmopolitan, quaint, and cultural city that has tr...
Fannie Mae announced today it will be scrapping its extra 5% down payment requirement for properties identified as being located in a declining market. The change will affect conventional, conforming mortgages that the company will purchase or guaran...
Beginning July 14, 2008, FHA will implement a new flexible premium pricing structure that HUD believes will assist more homeowners struggling to keep up with their high-cost subprime adjustable rate mortgages. According to HUD Deputy Secretary Roy A....
The first quarter 2008 Pelican Landing real estate market statistics for both homes and condominiums are listed below. Pelican Landing is an upscale gated golf community with excellent amenities and is considered one of Bonita Springs' premier commun...
Not a week goes by that we don't hear from a buyer for a property in Southwest Florida who says, Oh, I'll just go try to buy a property on the courthouse steps and get a really good deal." There
For those of you who follow our blog, you know we try very hard to keep you up to date with all the changes that are occurring in the mortgage lending industry on an ongoing basis. Unfortunately, since around the
The January thru March Estero real estate sales statistics for both homes and condominiums are listed below. Estero is ideally located between Ft. Myers and Bonita Springs and is currently in the process of building and developing wherever you travel...
The first quarter 2008 Bonita Bay real estate market statistics for both homes and condominiums are listed below. Bonita Bay is Bonita Springs premier gated community and is a highly sought after place to live. Encompassing 2,400 acres, Bonita Bay
