Certified Forensic Loan Auditors, LLC

  Upcoming Classes

Search CFLA's Article Archive:

Freddie Mac: Fla. Most-improved State in Past Year

personalliberty.com | March 31, 2014

McLEAN, Va. – March 28, 2014 – Freddie Mac released its first-ever Multi-Indicator Market Index (MiMi), a new tool that monitors and measures the stability of the nation’s housing market.

MiMi strives to calculate a range of equilibrium for each single-family housing market covered; it will be released monthly. Freddie Mac says the goal is for MiMi to show, at a glance, where each housing market stands relative to its own stable range – how close it is to “normal” – and how its trending.

According to the inaugural edition of MiMi, Florida showed the most improvement month-to-month in January, up 0.11 points. It’s followed by Tennessee (up 0.11), Michigan (up 0.09), Louisiana (up 0.07), Nevada (up 0.07), and Texas (up 0.07).

The Sunshine State also showed the most improvement year-to-year rising 2.12 points. It’s followed by, Nevada (up 1.84), California (up 1.26), Texas (up 1.06) and D.C. (up 1.05).

When Freddie Mac analyzed metro areas by level of improvement, Florida cities also did well with two of the top five spots month-to-month and three of the top five spots year-to-year. By month, Miami led (up 0.11), followed by Detroit (up 0.10), Orlando (up 0.09), San Antonio (up 0.09) and Chicago (+0.08).

Year-to-year, Miami improved 2.54 points, followed by Orlando (up 2.08), Riverside (up 1.87), Las Vegas (up 1.81) and Tampa (up 1.77).

Other key findings for Jan. 2014

  • The national MiMi value stands at -3.08 points indicating a weak housing market overall.
  • MiMi improved 0.03 points month-to-month in January and 0.81 points year-to-year.
  • The nation’s housing market is improving based on its 3-month trend of +0.17 points and moving closer to its stable and in range status. The nation’s all-time MiMi low of -4.49 was in November 2010 when the housing market was at its weakest.
  • Overall, 25 of the 50 states plus the District of Columbia are improving based on their 3-month trend; 35 of the 50 metros are improving.

“In many markets a better employment picture, along with some income growth, makes it possible for more people who are considering buying a home to stay within reasonable payment-to-income ratios on their monthly mortgages,” says Freddie Mac Deputy Chief Economist Len Kiefer. “But some high cost markets are already starting to feel an affordability pinch. … Out of the 50 metro areas that MiMi tracks, only four are in range in January, but 35 are improving.”

The index draws from four indicators: long-term stable ranges for home purchase applications, payment-to-income ratios, portion of on-time mortgage payments and the state of local employment.


Back to March 2014 Archive

CFLA was founded by the Nation's Leading Foreclosure Defense Attorneys back in 2007 to serve the Foreclosure Defense Industry and fight pervasive Bank Fraud. Since opening our virtual doors, CFLA has rapidly expanded to become the premier online legal destination for small businesses and consumers. But as the company continues to grow, we're careful to hold true to our original vision. For us, putting the law within reach of millions of people is more than just a novel idea—it's the founding principle, just ask Andrew P. Lehman, J.D.. With convenient locations in Houston and Los Angeles, you can contact Our National Account Specialist and General Manager / Member Damion W. Emholtz at 888-758-2352 for a free Mortgage Fraud Analysis or to obtain samples of work product, including cutting edge Bloomberg Securitization Audits, Litigation Support, Quiet Title Packages, and for more information about our Nationally Accredited and U.S. Department of Education Approved "Mortgage Securitization Analyst Training Certification" Classes (3 days) 24 hours for approved CLE & MCLE Credit (Now Available Online).

SEE BELOW- http://www.certifiedforensicloanauditors.com

Call us toll free at 888-758-2352

Bookmark and Share
Facebook Like us on Facebook
Twitter Follow us on Twitter
YouTube View our YouTube Videos
LinkedIn Connect to us on Linkedin
BBB Logo


Contact us or view our Sample Documents & Audits by completing the form below.

  • Reload
  • Should be Empty:


DVD Sets Only $99


FREE Mortgage Fraud Analysis


Order Cutting-Edge Services Now


Quiet Title Packages from Licensed Attorneys


Affiliate Services


CFLA Sponsored Attorney Links


Take-Home Education Package