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The Real Deal Miami

What Obama’s plan means for SF

October 25, 2011 03:10PM

With almost half of homes in Broward and Palm Beach counties underwater,
homeowners the region could get a boost from a new proposal by the
Obama administration, the Sun Sentinel reported. The program, which
would cut some home appraisal and underwriting regulations, along with
facilitating refinancing, could benefit potentially hundreds of
thousands in South Florida, according to Rob Nunziata, president of FBC
Mortgage in Orlando. The refinancing proposal would cut risk fees and
lower closing costs on refinanced mortgages. [Sun