DPA, Verification, Data Analysis, AVM Tools; Webinars and Events; Florida Weather and Insurance Woes

Should it concern us that, a few days ago, it was pointed out that from now until Nov. 26, there’s at least one football game on TV to watch every day for the next 55 days? Football has become the center of attention while the focus should be on the recovery efforts happening in many parts of the Southeast, impacting lives and housing stock. Florida is girding its collective loins for Milton, once again bringing up housing and insurance issues. More specifically, the boom & bust cyclical nature of housing there that has existed for decades. Florida has insurance availability problems as well as (now) housing over-supply that get progressively worse with each storm. Institutional (hedge fund) real estate portfolios are now net sellers in Florida over the past 90 days. Many owners must find all-cash buyers because mortgage lenders won’t take the risk associated with these units, but prices have suffered due to owner’s assessments, especially with older units. (Today’s podcast is found here and this week’s is sponsored by LoanCare. The mortgage subservicer is known for delivering superior customer experience through personalization and convenience. LoanCare is part of Fidelity National Financial, a Fortune 500 company and leading provider of services to real estate and mortgage industries. Hear an interview with LoanCare’s Tim O’Bryant on technological capabilities to help with recapture efforts.) Lender and Broker Software, Services, and Loan Programs