The last time I was in Florida I saw a bumper sticker that said, “I thought growing old would take longer.” This weekend I return to the Sunshine State (the MBAF’s Eastern Secondary is coming up), and I mention this because the state is the epicenter of HOA fee escalations, hurricane damage, and insurance woes. But wait! An analysis based on examination of the 45 insurers responsible for personal property insurance in Florida sees the state pulling out of its spiral after eight brutal years of losses. The personal property insurance industry reported an underwriting gain of $207 million in 2024, a big turnaround from the $174 million underwriting loss in 2023, due in large part to a legislative reform that made it somewhat more palatable to do business but an expensive one, as direct premiums reached $11 billion in 2024, more than double the $5 billion seen in 2020. (Today’s podcast can be found here and this week’s is sponsored by CreditXpert, the credit optimization platform that helps today’s top mortgage originators and more than 60,000 mortgage professionals qualify more applicants, make more competitive offers, reduce LLPA premiums, and close more loans. Today’s has an interview with Rob Chrisman on how the mixed messages from the Trump administration about the future of the GSEs are impacting those in the mortgage industry.) Products, Software, and Services for Lenders The average American homeowner has access to a significant source of funds in their home’s equity, and March 2025 ICE Mortgage Monitor data shows that they are finally starting to tap into it. Retention and recapture remain a heavy focus for lenders as the market continues to shift, and with the right tools, home equity can provide an opportunity to develop stickier relationships with customers. But it goes beyond simply offering customers home equity products; it’s about providing them with a convenient equity application, valuation and lending process through powerful digital tools. Read the latest blog to learn how ICE is helping lenders unlock new opportunities in home equity lending.
