Los Angeles County event will assist reverse mortgage borrowers with wildfire recovery
Impacted reverse mortgage borrowers in Los Angeles County can find assistance and resources at the event in Altadena.
Wildfire
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Trump’s special envoy says California wildfire aid will come with conditions
Richard Grenell, the special envoy to President Donald Trump, said there will be strings attached to California wildfire aid, Politico reported on Friday.
California insurance commissioner rejects State Farm’s request for 22% rate increase
On Friday, California insurance commissioner Ricardo Lara rejected State Farm’s request for “emergency” rate increases, going against the recommendation of his staff experts.
U.S. home-price growth softens, but the LA wildfires hinder a broader market recovery
Last year saw the softest home-price growth in more than 10 years, according to an analysis by ICE Mortgage Technology. Despite that and other positives, the LA wildfires are still making an impact on the housing market at the local and national levels.
Here’s another estimate of the financial losses from the LA wildfires
Real estate technology company Homes.com analyzed the Pacific Palisades and Altadena neighborhoods in order to quantify the number of homes destroyed and measure the financial repercussions of the wildfires.
CoreLogic adds aerial imagery partner for post-disaster AI analysis
CoreLogic has integrated Vexcel’s high-resolution disaster response aerial imagery within CoreLogic Weather Insight.
All the ways the wildfires could make LA housing more expensive
Residents looking to rebuild or find new housing will face numerous headwinds that could drive up housing costs in LA.
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.
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.