Urban Land magazine, October 16, 2024–Natalie Ambrosio Preudhomme, Kevin Fagan, Caglar Demir Since about 2018, property insurance costs marched steadily upward, almost universally, in commercial real estate, broadly forcing property …
Category: Top National News
The U.S. Already Has Millions of Climate Refugees. Helene and Milton Could Make It Worse.
USA Today, Oct. 14, 2024-Andrea RiquierImages from Florida, battered by two once-in-a-generation storms in a matter of weeks, are prompting a reckoning by Americans across the country.Click here for more
Hot Real Estate Topics: Rates, High Payments, All-Cash Buyers
Orange County Register, October 17, 2024–Jeff LazersonWhat is on the mind of real estate stakeholders? I checked in with consumers, mortgage loan originators and real estate industry professionals to find out. …
Climate-Driven Insurance Hikes Are Making Affordable Housing Even Harder to Build
WHQR, Oct. 14, 2024-Kelly KenoyerClimate change has driven rising insurance rates for all kinds of real estate, but especially in the coastal Southeast where hurricanes are a threat. Low-income housing …
Insurance ‘Nightmare’ Unfolds for Florida Homeowners After Back-to-Back Hurricanes
NBC News, Oct. 13, 2024–Rob WileFresh off the one-two punch of Helene and Milton, hurricane victims in Florida — even those with insurance — face a challenging recovery. The insurance …
Florida’s Home Insurer of Last Resort Is in Serious Trouble. Will Milton Put It Over the Edge?
CNN, Oct. 11, 2024-Elisabeth BuchwaldAn exodus of national insurance companies from Florida, combined with local private insurers canceling plans, has left many homeowners there with only one option: Citizens Property …
Middle-Class Homeowners Are Increasingly Squeezed by Housing Costs
NBC News, Oct. 14, 2024-Jasmine CuiThe share of middle-class Americans who are buying wallet-squeezing homes has more than doubled in the previous 10 years.Click here for more
Severe Storm Fallout Could Destabilize the Intersection of Mortgage and Insurance
HousingWIre, October 9, 2024–Chris ClowThere were already signs of instability due to extreme weather events, and the ravages of hurricanes Helene and Milton threaten to make it worseClick here for more
Asurity’s Diane Jenkins: CFPB Issues Proposed Servicing Rules Aimed at Streamlining Loss Mitigation Process
As most servicers are well aware, the Consumer Financial Protection Bureau recently issued new proposed servicing rules essentially overhauling the existing loss mitigation process.
CEOs You Should Know: MBA President and CEO Robert Broeksmit, CMB
CEOs You Should Know podcast, Oct. 1, 2024–Dennis GlasgowMBA President and CEO Robert Broeksmit, CMB, joined Dennis Glasgow on iHeartRadio’s CEOs You Should Know Podcast to share his origin story, …