Reverse mortgage servicing safeguard might help LA borrowers
A 2023 safeguard introduced in reverse mortgage servicing software could help borrowers in Los Angeles avoid foreclosure.
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LA mayor issues order to expedite home construction amid wildfires
Los Angeles Mayor Karen Bass issued an executive order late on Monday that aims to speed up the rebuilding process in areas destroyed by the wildfires that have burned thousands of homes in Southern California. The order directs city agencies to expedite the building permitting process in affected areas by having discretionary review procedures waived, with a goal of getting permit approvals within 30 days.
Rep. Maxine Waters pushes for serious investigation with proposed wildfire bill
Less than 10 days into 2025, California is experiencing a multibillion-dollar wildfire disaster that is further shaking up the state’s already vulnerable insurance coverage.
Housing resources and help for victims of the LA fires
Many in the real estate and mortgage spaces are pledging monetary relief and relocation help for those affected by the wildfires.
You’ll never guess which state has the highest percentage of inbound movers
United Van Lines surveys movers on where they’re coming from, where they’re going and why. The top destination isn’t usually thought of as a hotspot.
California will require home insurers to offer policies in high-risk wildfire areas
California has a new regulation that aims to increase home insurance options in wildfire-prone areas after some insurers left the state.
Anywhere settles lawsuit tied to Telephone Consumer Protection Act complaint
After more than five years of back and forth, Anywhere and the plaintiffs in the Bumpus Telephone Consumer Protection Act (TCPA) suit have finally reached a proposed settlement.
Housing inventory is down everywhere except in pandemic hotspots. Here’s why.
Housing inventory shortages have stifled the market for years, but supply is rising in states that experienced inbound migration spikes during the pandemic.
Longbridge, Mutual of Omaha attempt to reach settlement over deceptive marketing accusations
An ongoing lawsuit between two major reverse mortgage lenders, Mutual of Omaha Mortgage and Longbridge Financial, over marketing practices could come to an end if both parties can reach a settlement agreement prior to going to trial.
Foreclosure filings dropped in November. Is market pressure finally easing up?
One in 4,795 homes had a foreclosure filing in November 2024. That equates to a total of 29,390 filings, down from 30,784 in October.