Florida Mortgage & Florida Mortgage Lender News - Information

Florida & Orlando still rank as most desirable places to live

Florida continues to be one of the most desirable places to live in the U.S. Second only to California in 2007, Florida has remained one the top 3 states since this Harris Poll began. Orlando and Miami were named among the top cities where people would choose to live. Harris Interactive, September 2007)

Florida's state park system is one of the largest in the country with 161 parks spanning more than 700,000 acres and 100 miles of beaches.

Easy access to the beach seems to be a key factor in deciding which state people would choose to live. According to a new Harris Poll, California remains number 1 this year, followed by Florida, which moved up from number three and Hawaii, which has dropped from number two. Florida has been in the top three ever since this question was first asked in 1997. When it comes to which city people would live in, New York City comes in as number one for the ninth time (out of the last 10 opportunities), San Diego, CA moves up one spot to second and Seattle, WA also moves up one place to be the third most popular city.

These are some of the results of The Harris Poll^®, a nationwide survey of 2,694 adults conducted online between August 7 and 13, 2007 by Harris Interactive^®.

The next most popular states in which people would like to live are: North Carolina (#4, remaining the same as last year); Colorado (#5, moving up from #7); Texas (#6, dropping from #5); New York (#7, moving up from #8); Arizona (#8, moving up from #9); and Oregon (#9, moving up from #10). Three states are tied for the tenth spot on this list: Washington (was #6 last year); Tennessee (was #11 last year) and Virginia (was #12 last year).

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Borrowers Overall Satisfaction with the Mortgage Lending Industry

Despite turmoil in the mortgage market in 2007, borrowers’ overall satisfaction with the mortgage lending industry has remained steady since 2006, says J.D. Power and Associates’ 2007 Primary Mortgage Origination Study. The study measures customer satisfaction with application approval, interaction with loan representatives, closing and problem resolution. “While it’s true that borrowers with weaker credit and those seeking larger ‘jumbo’ loans experience longer approval times and requests for more documentation, satisfaction has remained steady among the 75 percent of mainstream borrowers with good credit applying for moderately sized loans,” says Tim Ryan, senior director of the mortgage practice at J.D. Power. The study concluded that consumers were more satisfied when they worked directly with the lender rather than through a broker. It also found that customers who demand clear communication from their lender are more likely to get it. And customers who supply required documentation upon application have a smoother loan process. Overall mortgage lender satisfaction ranking based on a 1,000-point scale:

Wachovia, 827
SunTrust Mortgage, 818
Bank of America, 760
National City Mortgage, 759
CitiMortgage/Citibank, 753
Chase, 752
Industry Average, 750
Wells Fargo, 749
Countrywide Home Loans, 745
GMAC Mortgage, 744
ABN AMRO Mortgage, 740
American Home Mortgage Corp., 736
WaMu, 733
First Franklin, 595

Source: Florida Association of Realtors

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New Florida Real Estate Mortgage - Loan Services Website Launched, 8/15/2007

We are proud to announce the launch of our new state of the art Real Estate Mortgage - Loan Services Web site today. The new site is powered by a la mode, inc. net.X technology, which integrates and leverages a range of desktop and Internet applications and data sources to extend the network to better serve our clients.