FLORIDA PROPERTY INSURANCE
About 90,000 customers of Citizens Property Insurance Corp. are receiving what every Florida property owner wants: an invitation to lower insurance rates. However, not every recipient is jumping at the chance.
MORTGAGE FRAUD IN FLORIDA
Florida has become a hotbed for home loan fraud in the past few years, landing at the top of many government and private reports that are analyzing the problem nationally. The Florida Legislature will consider making mortgage fraud a criminal offense, under HB 349, which would give law enforcement agencies a stronger weapon in prosecuting mortgage fraud cases.
MORTGAGES IN FORECLOSURE
The Federal Reserve and four federal agencies, worried about a surge in defaults on high-risk home mortgages, on Friday called on lenders to exercise caution in making subprime loans and strictly evaluate borrowers’ ability to repay them.
WORKFORCE HOUSING
Lawmakers say this year’s Florida Legislature will spend too much time on issues related to property insurance and taxes to tackle major affordable housing issues. Instead, they likely will focus on little fixes to legislation passed in 2006, which earmarked $50 million to help municipalities with workforce housing for teachers, police and other public servants.
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