Florida

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.

The Legal Aid Society of Palm Beach County, Fla., and two homeless assistance agencies are the surprise beneficiaries of a successful lawsuit against a notorious South Florida foreclosure attorney, who was later disbarred.