Florida Real Estate News - 05/09/07

FLORIDA PROPERTY INSURANCE

In troubling news for Florida consumers, the state’s computer catastrophe model – paid for with taxpayer money to help regulators gauge the accuracy of private insurers’ loss forecasts – projected greater insurance losses than the private models.

MORTGAGE REFORM

The U.S. Congress is looking at potential reforms to risky home lending practices, although a House subcommittee hearing on Tuesday suggests lawmakers wonder whether reform is necessary or even helpful – especially if the market is already in the process of self-correcting.

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