CNBC, Feb. 19, 2025-Diana OlickIt’s still too soon to fully calculate the cost of the Los Angeles wildfires, but one thing is clear: The cost of insurance will go up, …
Category: Top National News
Refinances See Mini Hot Streak Thanks to Lower Rates
National Mortgage News, Feb. 12, 2025-Spencer LeeBorrowers responded to a pullback in interest rates, leading to another surge for refinance activity last week.Click here for more (subscription)
Reverse Mortgages Could Be ‘Practical’ Long-Term Care Funding Option
HousingWire, Feb. 13, 2025-Chris ClowHealth care information and caregiving marketplace website Care.com published an article that examines several “practical” ways that someone could choose to finance their long-term care (LTC) …
Homeowners Can Tap up to $50,000 With Down-Payment Grant
Orange County Register, February 13, 2025-Jeff LazersonA motherlode of down payment assistance programs is available for California homebuyers. I’ve counted 347 programs, to be exact.Click here for more
Wire Fraud Losses Are Mounting
National Mortgage Professional, Feb 13, 2025-Lew SichelmanFirst-time homebuyers are especially at risk for wire fraud, report finds. Mortgage companies are also likely to be impersonated by scam artists. One third …
Watch: How New Orleans Is Trying to Save Its Homes From Flooding
CNBC, Feb. 12, 2025Hurricane Katrina killed over 1,800 people and flooded many homes in New Orleans. In the aftermath, a quarter of the city’s housing stock was abandoned. The U.S. …
FHA and VA Loan Delinquencies “Increasing at a Faster Pace” – MBA
MPA, Feb. 7, 2025-Candyd MendozaMortgage delinquency rates climbed in the fourth quarter of 2024, with government-backed loans, particularly FHA and VA mortgages, showing the steepest increases, according to the Mortgage …
Map Shows Where California Homes Are Sliding Into the Ocean
Newsweek, Feb. 7, 2025A growing number of homes in Southern California are now at risk of sliding into the ocean, according to a new study by NASA researchers.Click here for more
State Farm Was All In on California—Until It Pulled the Plug Before the Fires
Wall Street Journal, Feb. 6, 2025-Jean Eaglesham, Susan PulliamThe insurer aggressively grew in Los Angeles, despite getting overweight on fire risk, but decided to cut thousands of policies last year, …
How the Agencies are Handling Pending Servicing Policies
National Mortgage News, February 6, 2025-Bonnie SinnockA trio of mortgage officials weighed in on servicing policy matters at an industry conference on Wednesday, addressing concerns raised by recent transitions in …