Slow Uptick in Foreclosures Reversed in 2Q
The Mortgage Bankers’ 2Q National Delinquency Survey found that delinquency rates dropped to 3.37% – the lowest rate since it began collecting data in 1979.
Builder Confidence Falls, First Time in 7 Months
NAHB’s Aug. index fell 6 points to 50 – the break-even point between optimism and pessimism – based on higher mortgage rates and increased construction costs.
Fla. OKs New Property Insurer: Mainsail Insurance
The Florida Office of Insurance Regulation says changes passed by the Fla. Legislature have attracted new insurers and removed 280K policies from Fla.-owned Citizens.
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