CBS News, Jan. 19, 2025-Chelsea HyltonCalifornia Gov. Gavin Newsom announced commitments from five major financial institutions that will offer mortgage relief for property owners affected by the Los Angeles area …
Category: Top National News
FHA Updates Distressed Servicing Policies
National Mortgage News, January 17, 2025-Bonnie SinnockThe Federal Housing Administration has updated its distressed borrower policies, which set out procedures for mortgage companies to follow when offering consumers ways to …
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 …
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 …
LA Wildfires Likely to Slow Down Mortgage Trades
National Mortgage News, Jan. 14, 2025-Brad FinkelsteinThe wildfires are expected to have a limited effect on loan pricing and delinquencies, but other expenses could rise, adding to the cost of …
Wildfires Prompt Reckoning for Homeowners Insurance Costs
National Mortgage News, January 14, 2025-Andrew MartinezThe devastating fires in Los Angeles could deliver a “substantial correction” to Californians’ property insurance bills.Click here for more (subscription)
Home Equity Finance Impacts Economy
Home Equity Lending News, Jan. 14, 2025Cash proceeds extracted from home equity find their way into the U.S. economy, stimulating activity and contributing to growth. But when real estate values …
Biggest US Banks Ready Mortgage Relief for Victims of Los Angeles Wildfires
Reuters, January 13, 2025-Niket Nishant, Saeed AzharJPMorgan Chase and Bank of America are preparing to ease mortgage repayment conditions for customers affected by the Los Angeles wildfires, as residents grapple …
LA Wildfires Likely to Slow Down Mortgage Trades
National Mortgage News, Jan. 14, 2025-Brad FinkelsteinThe wildfires are expected to have a limited effect on loan pricing and delinquencies, but other expenses could rise, adding to the cost of …
Only Half Of FHA Borrowers Eligible For DPA Receive It
National Mortgage Professional, Jan. 7, 2024-Lew SichelmanDown payment assistance (DPA) is an important tool for helping to qualify borrowers who struggle to to raise enough money for a down payment …