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 …
Category: Top National News
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 …
Interest Rates in 2025: Where Are They Headed?
Commercial Observer, January 6, 2025-Brian PascusIn life, we’re told the only guarantees are death and taxes. While not nearly as morbid nor pessimistic, in commercial real estate, the only promise …
CFPB Unveils Rule to Erase Medical Debt From Credit Reports
HousingWire, Jan. 7, 2025-Flávia Furlan NunesAmid a regulatory push ahead of the White House transition, the Consumer Financial Protection Bureau (CFPB) unveiled a new rule on Tuesday to eliminate medical …
Thousands Flee as Wildfires Burn Out of Control and Destroy Homes Across the Los Angeles Area
The Associated Press, Jan. 8, 2024-Jaimie Ding, Christopher Weber and Julie WatsonMultiple massive wildfires tore across the Los Angeles area with devastating force Wednesday, destroying more than 1,000 structures and …
California Was Already in Home-Insurance Crisis Before Los Angeles Infernos
The Wall Street Journal, Jan. 9, 2024-Jean Eaglesham and Joe FlintNick Ramirez hunched over a screen in his Los Angeles insurance agency, watching a map tracking the raging wildfires engulfing …
Seniors’ Home Equity Drops on Lower Values, More Debt
National Mortgage News, Jan. 10, 2024-Brad FinkelsteinSenior home equity declined in the third quarter off of its all-time high, due to lower property values combined with an increase in debt …
Over 250k Homeowners Remain in Forbearance — Report
MPA, Jan. 3, 2024-Camille Joyce LisayThe Mortgage Bankers Association’s (MBA) monthly loan monitoring survey revealed an increase in total mortgage loans in forbearance to 0.50% as of November 30, 2024.Click …
Student Debt Issues Can Be Solved
The Housing Scene by Lew Sichelman, Jan. 3, 2025Massive, often insurmountable amounts of student debt have prevented millions of otherwise qualified borrowers from obtaining financing to buy a house.Click here for …