Orange County Register, Jan. 16, 2025-Jeff LazersonIf your home is damaged or destroyed by the Los Angeles wildfires, or from any disaster for that matter, call your mortgage loan servicer.Homeowners …
Category: Top National News
Investors Cheered December’s Inflation Data. Experts Say US Economy is Not ‘Out of the Woods’ Yet.
Yahoo Finance, January 16, 2025-Alexandra CanalStocks rallied Wednesday after December’s CPI print finally showed some relief in core inflation and investors calibrated Fed rate cut bets.Click here for more
Mortgage Rates Climb Above 7% to Highest Level Since May
CNN, January 16, 2025-Bryan MenaMortgage rates topped 7% this week, a key psychological threshold, in a sign of the US housing market’s unrelenting affordability challenges.Click here for more
Sen. Tim Scott Criticizes FHFA Actions, Eyes Housing Reform
National Mortgage News, Jan. 16, 2025-Bonnie SinnockHousing finance ranks highly in 119th Congress goals set by Senate Banking Committee Chair Sen. Tim Scott, R.-S.C., who unveiled a comprehensive reform agenda …
Wall Street Thinks U.S. Homes Are Overpriced
Wall Street Journal, Jan. 16, 2025-Carol RyanHousing could be overvalued by anywhere from 10% to 35% based on how investors are acting.Click here for more (subscription)
Giant Commercial-Property Firm Goes All In on Co-Working With New Deal
Wall Street Journal, Jan. 14, 2025-Peter GrantCBRE Group is taking control of the co-working firm Industrious, a sign of the property market’s renewed interest in shared workspace as more employees …
New Inflation Reading Likely Keeps the Fed on Pause for Now
Yahoo Finance, January 15, 2025-Jennifer SchonbergerFresh inflation data released Wednesday is likely to keep the Federal Reserve on pause during its next policy meeting this month, even though a new …
FCC Warns of 50-State Scam by Fraudsters Posing as Mortgage Lenders
CBS News, Jan. 15, 2025-Kate GibsonHomeowners across the U.S. are being targeted in a sophisticated scam in which callers pose as mortgage lenders to defraud people out of hundreds of …
Los Angeles Wildfires: US Banks Ready Mortgage Relief for Affected Homeowners
Reuters, Jan. 13, 2025-Niket Nishant, Pritam Biswas, Saeed AzharJPMorgan Chase and Bank of America are easing mortgage repayment conditions for customers affected by the Los Angeles wildfires, as residents grapple …
LA Fires Update: Do Evacuees Still Have To Pay Mortgage and Utility Bills?
Newsweek, Jan. 15, 2025-Giulia CarbonaroThe wildfires which have burned through Los Angeles County for more than a week now have damaged or destroyed thousands of homes, wiping out entire neighborhoods …