Naples Florida Real Estate News - 05/23/07

May 23, 2007 Posted in Real Estate News 

HURRICANES
Hurricane forecasters expect more tropical storms in the U.S. than normal this season. National Weather Service forecasters said Tuesday they expect 13 to 17 tropical storms, with seven to 10 becoming hurricanes, and three to five in the strong category.

MORTGAGES

goes wrong – took place in Washington yesterday with mortgage bankers and brokers trading barbs over subprime mortgage troubles. The MBA advocates a mortgage broker licensing system to help weed out scam artists.

 REVERSE MORTGAGESWith more people interested in reverse mortgages, industry experts predict that increased competition among lenders in the next year or two will lower the costs. Still, reverse mortgages are complex and homeowners should consider the drawbacks.

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