Sales of existing single-family homes in Florida totaled 17,219 in November, an increase of 1% from the level recorded a year earlier, according to the Florida Association of Realtors.The median sales price of homes sold in November climbed to $250,500, up 31% from $191,300 in November 2004, FAR said. Among the state's larger markets, resales increased 20% in the Jacksonville metropolitan statistical area and 16% in the Tampa-St. Petersburg-Clearwater MSA, but they fell 25% in Miami, FAR reported. (Miami was hit by Hurricane Wilma in late October, curbing the sales of existing homes in November.)
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The real estate and fintech company completed the purchase of 100% of Mortgage One Group, marking a major step in its push into AI financing.
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The rise in completed modifications occurred as many other loan performance indicators plateaued, and may reflect the temporary impact of recent rule changes.
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The Department of Housing and Urban Development got 67 responses to its request for information regarding the FHA program's Minimum Property Requirements.
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Mortgage applications rose 0.4% on a seasonally adjusted basis from one week prior for the period ending June 26, according to the MBA's Market Composite Index.
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Homeowners accuse the home equity investment company of breaking the law for suggesting that its home equity investment product isn't a mortgage.
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The fee hike, which also raises the cost of assumptions, is part of the House pay-as-you-go rules to support a proposed expansion of veterans benefits.
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