Mortgage Identity Fraud Growth

The Numbers:

• $5.3 billion: the amount targeted by perpetrators via business email compromise in 2016 (source: FBI)
• 480 percent: the year-over-year increase in wire fraud scams reported by title companies to the Internet Crime Complaint Center (IC3) in 2016
• 2,370 percent: the increase in identified exposed losses to the most typical of wire fraud scams between January 2015 and December 2016
• 50: the number of states in which attempted wire fraud has been reported (source: IC3 and American Land Title Association)
• 131: the number of countries in which attempted wire fraud has been reported (source: IC3 and ALTA)
• 103: the number of nations to which fraudulent transfers have been rerouted (source: IC3 and ALTA)

These are the reported cases.

Only 10 to 15 percent of fraud attempts are even reported.

It is necessary for the industry to recognize the scale of wire fraud, and the harm it brings.  

Stay aware, and be diligence to mitigate risk.

Article:

http://www.dsnews.com/daily-dose/12-18-2017/identity-fraud-mortgage-threat-real-growing

September 2017 Existing-Home Sales Snapshot (NAR)

FULL REPORT: Here

ANNUAL HOUSING REPORT: Federal Housing Finance Agency

  

FULL REPORT: Here

Increased Income & Low Mortgage Rates Driving Home Affordability Up

Rates, not home prices are positively impacting home affordability. 
(According to the Real House Price Index)(by First American)
RHPI takes into account income, interest rates, & home prices (nationwide).

"Real house prices up 9.65% over the year..." RHPI
"Homes for sale declined to a 4.2 month supply(Sept.)." National Association of Realtors.
"28th consecutive month of year over year declines."  First Am.
"The lack of supply is driving unadjusted home prices higher."  First Am.

Although, housing is indeed more affordable due to lower rates And better incomes.
Aug. vs July rates(2017) with a modest .1%(month over month) wage increases produces a .4% increase in affordability(in Aug.).  Reports First Am.

Overall Consumer house buying power
(aka how much one can buy based on changes in income&interest rates)
Rose (.8%)(July-Aug.).

http://www.dsnews.com/daily-dose/10-30-2017/rates-incomes-inch-housing-affordability-upward

Foreclosure Challenges: DS News w/ President of Indisoft

http://www.dsnews.com/daily-dose/10-30-2017/facing-foreclosure-challenges

Author: Nicole Casperson

FOR SALE: 1258 Kendari Terrace Naples Florida (Artesia Commuity)

The finest, Most Exclusive Pool Home in All of Artesia is 

Now available for sale! 

INFO, VIDEOS, PHOTOS, 360 PHOTOS, FLYER, FLOORPLAN, MAP,

Visit: 

www.1258Kendari.com

OPEN HOUSE TODAY 1-4pm: 3176 Sundance Cir. Naples, FL (Bridgewater Bay)

Agent On Duty:

Steve Tanurdzic

Realtor

239-213-8065

tnrdzc2012@yahoo.com

RelaxInNaplesfl.com

OPEN HOUSE: Sat. 1-4pm (1-7-17) 735 St. Andrews Blvd. Naples, FL

Market Update: Naples, FL Area (Released 12-15-16)

Prices  + 4%

Sales  -13%

Inventory  +40%

Days on Market  +14%

More Info 

Click here

Search for Homes at  

www.SWFLproperties.INFO

Ask Me About the updates in your Area or Neighborhood! 

Naples, Florida Breaks Previous Heat Record!!!

3176 SUNDANCE CIR , NAPLES FL 34109 in Bridgewater bay (For Sale)

flyer Click Here: 

Largest lot in Bridgewater Bay!
Largest home in all of Bridgewater Bay!
Mature landscaping, 20ft. dense privacy palm tree wall on 3 sides of the property.  3,289square foot(under Air), 5,125 total square foot Custom designed home. 21 ft. ceilings. 3 zone Air Conditioning (3 A/C units). 2 fireplaces. 18"diagonal tile (1st floor). Faux paint., berber carpeting in bedrooms & 2nd floor. Multiple atrium doors. Custom hand made European window treatments. Corian counter tops, Sound system. built-in bookcases. Double oven in kitchen. 5 total bedrooms (2 master bedrooms; 1st floor master has additional seating area with fireplace)(upstairs master oversized suite). Large den (entertainment room). Formal living area. Kitchen with eat in bar. Formal dining room. Large breakfast nook. 4 1/2 bathrooms. Heated private pool & spa.

Clubhouse:
Cabana Bar, Community Pool, Separate Olympic Lap Pool, Spa/Hot tub, Large Community Room & kitchen, Community Exercise Room, Wet & Dry Sauna, Billiards room, Putting Green, 2 Tennis Courts, Bocce Court, kid Playground Area, Basketball court, BBQ/Picnic area, Bike&Jog Path.

Core Logic's U.S. Economic Outlook For 2017

U.S. Economic Outlook: December 2016 (Peering into 2017) Full article Here

"Economy Will Grow 2- 2.25%"

The Outlook for U.S. Housing and Mortgage Markets -

Home Prices Projected Up 5%,

Rent Up 3%, and

Purchase and HELOC Originations Up

http://www.corelogic.com/blog/authors/frank-nothaft/2016/12/us-economic-outlook-december-2016.aspx#inline2

$11,000 Avergage U.S. Home-Equity gain Last Year

http://www.keepingcurrentmatters.com/
http://www.corelogic.com/

Market Update: Naples, FL Area (Released 11-18-16)

Prices  + 6%

Sales  -13%

Inventory  +39%

Days on Market  +15%

More Info 

Click here

Search for Homes at  

www.SWFLproperties.INFO

Ask Me About the updates in your Area or Neighborhood! 

Naples Daily News:

http://www.naplesnews.com/story/news/local/2016/10/10/watkins-family-eyeing-options-beach-club-property/91868542/

Naples Beach Hotel for sale?

Naples Daily News:

http://www.naplesnews.com/story/news/local/2016/10/10/watkins-family-eyeing-options-beach-club-property/91868542/

Naples Beach Hotel for sale?

Naples Daily News:

http://www.naplesnews.com/story/news/local/2016/10/10/watkins-family-eyeing-options-beach-club-property/91868542/

Vanderbilt Commons: New 30 unit retail center

Restaurants, retail, medical coming to development on Vanderbilt Beach Road.
1st Phase:  35,000 sq.ft., one story strip center (1st quarter 2017).
2nd Phase:  37,000 sq.ft., mirror of first phase (3rd quarter 2017).
3 restaurants per phase.
"...good mix of local tenants and also national tenants."
SWFLATODAY Naplesnews.com
In the know, Tim Aten

The Real Estate Franchise With the most Consumers

Know the Features that Date Your Home!