"December 2024" Archives

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How has Tampa’s housing market fared since Hurricane Milton?

It’s hard to imagine something more disruptive to a housing market than a hurricane. That’s what the Tampa Bay metro area was faced with in October with Hurricane Milton, which made landfall in the area as a Category 3 storm. Milton set a record for tornado warnings with 129, and hundreds of homes were destroyed…

Reverse mortgage book inside MMI Fund continues to evolve

The report on the Home Equity Conversion Mortgage (HECM) book of business inside the Mutual Mortgage Insurance (MMI) Fund served as another positive development for the program. The estimated economic net worth of the HECM MMI stood at $17.4 million, up from $15.4 million last year, according to the Federal Housing Administration (FHA)’s Annual Report…