Sales of existing single-family homes in Florida totaled 11,674 in July, a decrease of 24% from the level recorded a year earlier, according to the Florida Association of Realtors.The median sales price of homes sold in July declined to $237,500, down 5% from $250,400 in July 2006, FAR reported. Among the state's larger markets, resales decreased 35% in the Orlando metropolitan statistical area and 25% in the Miami MSA, while median resale prices fell to $258,000 in Orlando, down 3% from $266,800 a year earlier, and to $377,400 in Miami, down 1% from $382,200 a year earlier.
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There's broad support for the effort to reduce costs and processes, but the Appraisal Institute warns about reducing property valuation quality control checks.
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Foundation had introduced Version 3 of its credit risk model, using the most recent delinquency data, to improve loan performance predictions.
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Fannie Mae's conservator is supporting the government-sponsored enterprise's test within certain boundaries, according to a recent social media post.
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The Senate Banking Committee is slated to consider Christopher Phelen to be the chair of the Council of Economic Advisers on Thursday. Phelen has said in past academic papers that fractional reserve banking is "highly problematic."
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The bureau said the move is intended to remove potentially confusing language with an upcoming revision to the Equal Credit Opportunity Act.
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