Sales of existing single-family homes in Florida totaled 9,142 in March, an increase of 10% from the level recorded in February but a 26% decline from that of a year earlier, according to the Florida Association of Realtors. The median sales price of homes sold in March rose to $205,600, up from $198,900 in February but down 15% from $242,800 a year earlier, FAR reported. Among the state's larger markets, resales decreased 56% in the Miami metropolitan statistical area and 28% in the Orlando MSA, while median resale prices fell to $337,900 in Miami, down 12% from $382,600 a year earlier, and to $222,600 in Orlando, down 11% from $250,100 a year earlier.
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Endorsement numbers for federally backed reverse mortgages dropped to their lowest monthly total in over six years, according to a new report.
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A new class action lawsuit against Unlock Technologies echoes other complaints in crying foul over confusing contract terms and huge repayments.
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Agency activity dropped off by 4% in September while non-qualified mortgage issuance was down 18% in the third quarter versus the prior period, BTIG said.
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Developments like the downward swing in total jobs reported Friday, inflation and AI have made nonbank employment more complex and volatile this year.
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Single-family mortgages originated with new scores have been put into private securitizations but these typically have been submitted alongside classic FICOs.
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The collaboration comes after HUD issued several other updates earlier this year aimed at increasing affordability through loosened homebuilding policy.
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