Florida

Ginnie Mae mortgage-backed securities issuers can aggregate their portfolio's exposure to areas hit by the three recent hurricanes to qualify for its disaster relief program.

Here's a look at 12 cities where the median home sales price is below $215,000, but the combination of housing costs, local wages and other market forces is making home purchasing power disappear in these once-cheapest places to live.

The Louisiana company also set aside funds to cover efforts to settle litigation tied to its mortgage business.

Incenter Mortgage Advisors is brokering on behalf of an unnamed mortgage banker an almost $10 billion mortgage servicing rights package that includes $870 million in loans with hurricane exposure.

Hurricane Irma will have more of an impact on Ginnie Mae securities than Harvey or Maria, a recent analysis by the government agency shows.

The majority of borrowers impacted by Hurricane Harvey have a significant amount of equity, while many in Hurricane Irma disaster areas have limited or negative equity, according to Black Knight Financial Services.

In addition to hundreds of people made homeless quickly by Hurricane Irma, a Jacksonville, Fla., family may learn this week whether they, too, lost their house during the storm.

The Key West City Commission held tight to its majority’s desire not to raise taxes, particularly after the island was battered by Hurricane Irma.

Builder D.R. Horton is revising estimates for cash-flow from operations, certain expenses as a percentage of revenue and its backlog conversion rate in response to recent hurricanes.

Home prices in 20 U.S. cities climbed more than forecast in July, reflecting solid demand against a backdrop of modest listings of properties, figures from S&P CoreLogic Case-Shiller showed.