Monday Morning Cup of Coffee is a quick look at the news coming across the HousingWire weekend desk, with more coverage to come on bigger issues.
Almost inevitably, perhaps, reaction to the bill signed in Florida by the state’s governor to speed up foreclosures has been mixed. Or so says a piece in The Tampa Tribune.
Gov. Rick Scott signed the bill that expedites the default process on Friday. While some see it as a boon for the consumer and the foreclosure-laden state, others are viewing it as a more efficient means for banks to snatch away people’s homes, the newspaper reports.
It’s one of a few pieces of housing-related legislation becoming law in the Sunshine State. For example, under a new landlord-tenant bill, the article states a tenant could pay partial rent and still be evicted within days if they fail to turn over the rest of the money.
The Wall Street Journal breaks down the housing recovery in a bulls-versus-bears feature article. Reporter Nick Timiraos gets his hands on a research paper by Joshua Rosner, managing director of Graham Fisher & Co. in order to help lay out the bears side of things.
Ivy Zelman of advisory firm Zelman & Associates gives the bulls case.
“If you were waiting for homeownership rates to improve, you would have missed the housing recovery,” says Zelman. “It’s all about occupancy and shelter.”
Monday Morning Cup of Coffee: Mixed reactions on Florida foreclosure bill | HousingWire.