Florida

The shift to a purchase market and an increase in wholesale mortgage originations contributed to a nearly 17% year-over-year rise in fraud risk during the second quarter, according to CoreLogic.

Sentiment among America’s homebuilders fell more than forecast in September as companies grew concerned about the cost of construction materials and labor shortages in the wake of Hurricanes Harvey and Irma.

Orlando’s housing market ended the strongest sales season of the year with median prices rising 2% and sales up 4.8% in August from a month earlier.

More than 90% of all mortgaged properties in Florida are in a FEMA-designated disaster area following Hurricane Irma, nearly three times the number impacted by Hurricane Harvey, according to Black Knight.

Hurricane Irma hit Central Florida’s home construction industry in more ways than one.

Banks could be busy supplying credit to manufacturers, hotels, multifamily developers and other businesses that will be helping residents get their lives back on track after two fierce storms.

Damage from Hurricane Irma could potentially put billions of dollars in commercial mortgage-backed securities at risk, according to Morningstar Credit Ratings.

Qualified residents of 37 Florida counties can access aid including mortgage assistance and unemployment aid. They are also eligible for late-fee forgiveness on JPMorgan Chase loan payments.

Stranded without power in the wake of Hurricane Irma, thousands of South Florida seniors have found themselves trapped without access to elevators, air conditioning, telephones and even medical devices.

Lennar Corp. anticipates that hurricane-related damage will delay its new-home deliveries temporarily, adding to home-inventory challenges in the mortgage market in the short-term.

Not every housing market is dealing with an inventory shortage, as over one-third of respondents said there was excess supply in their local area, according to a First American Financial survey.

Central Florida’s recovery process began this week with elected property appraisers in Orange, Seminole, Lake and Osceola counties beginning to tally damage estimates that help determine federal aid efforts.

There will be fewer mortgage loans going into default in the next year as home prices continue to rise and more people get jobs, CoreLogic said.

The first day of the week offered Miami and all of Florida relief after facing what could have been a cataclysm.

Hurricane Irma spilled storm waters into some of South Florida’s most valuable coastal real estate Sunday, flooding portions of Old Town in Key West, Miami’s financial district in Brickell, Miami Beach and Fort Lauderdale’s Las Olas Boulevard.

No matter which path Hurricane Irma takes when it strikes Florida, analysts say the damage could be monumental — and reach hundreds of billions of dollars.

The hurricane was expected by many to deliver catastrophe. Instead, bankers are largely looking to restore power and confirm the status of employees.

Hurricane Irma could potentially affect more private-label mortgage securities collateral than any other recent storm.

The median down payment for a home purchased in the second quarter was 7.3%, the most in nearly three years, a result of increased competition, according to Attom Data Solutions.

Mortgage companies in Florida are bracing themselves for the potential landfall of Hurricane Irma, which has followed close on the heels of Hurricane Harvey.