entire state of FL a declining market?

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JIMMY

336 Posts

Posted - 03/26/2008 : 9:05:20 PM

I'm not sure if this is true or not...does fnma fhlmc consider the entire state a decining market or is it the lender(s)/ mortgage insurers?

mortgagemessiah

8003 Posts

Posted - 03/26/2008 : 9:19:20 PM

pretty much is

MortgageBoarder

3576 Posts

Posted - 03/26/2008 : 9:22:26 PM

I have the GSE list at the office so I'm not sure if the agencies are considering the state or just some counties, but I do know that it is MGIC that initiated the "entire state" declining market. CA, AZ & FL are ALL declining states according to them, even if the GSE's have not indicated the county/zip to be declining.

Also, depending on the lender, they too can delegate the entire state or just particular zones for declining markets.

BigFire

2962 Posts

Posted - 03/26/2008 : 10:46:42 PM

entire state

EMScommercial

5067 Posts

Posted - 03/27/2008 : 3:55:29 PM

i feel it declining every day!

FLMike

506 Posts

Posted - 03/27/2008 : 5:05:15 PM

Regarding Florida, the issue is what is taken into consideration related to a declining market. If you calculate it from year to year then yes. However, if you calculate it from month to month it's a totally different story. From my understanding they calculate a declining market from a six month valuation model.

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