January 14, 2025
Fairway Independent Mortgage Corporation, a large mortgage lender and a top 10 lender in the reverse mortgage industry, will aim to expand its focus on its reverse mortgage arm in 2025 owing to the efforts of David Lazowski, the company’s… Continue Reading…
The Consumer Financial Protection Bureau (CFPB) has found that homeowners facing flooding from rivers and creeks are more likely to be underinsured against flood risk than homeowners in coastal areas, according to a report published on Monday. The report is… Continue Reading…
It’s imperative for reverse mortgage borrowers to contact their insurance carrier if their property has been damaged in the ongoing Southern California wildfires, and to let their servicer know of anything that could impact their occupancy of their property due… Continue Reading…
The U.S. Department of Housing and Urban Development (HUD) on Monday announced that it has reached a settlement with PHH Mortgage Corp., a division of the Onity Group, over the alleged imposition of fees for borrowers making payments on their… Continue Reading…
The L.A. wildfires have ravaged countless residential homes, leaving entire neighborhoods all but gone. If your home is damaged as a result of a natural disaster, you’re still responsible for paying your mortgage — even if the structure is uninhabitable… Continue Reading…
PHH Mortgage has agreed to a $3.5 million settlement with the Department of Housing and Urban Development that HUD described as involving an unprecedented reimbursement to borrowers. The settlement resolves a dispute between HUD and PHH Mortgage over whether fees… Continue Reading…
Mortgage rates last week reached their highest levels since July 2024 with the average 30-year fixed mortgage rate staying above 7%, according to Bankrate. Experts see rates remaining elevated through the first six months of 2025. The Details: Mortgage rates… Continue Reading…
January 13, 2025
Ezra Shaw/Getty Images The Golden State Warriors are in something of a difficult situation as a team with an aging core in Stephen Curry and Draymond Green that has to decide whether giving up future assets is worth maximizing their… Continue Reading…
The fires in Los Angeles County are ongoing with strong winds expected throughout Monday, Tuesday and into Wednesday. County officials say 24 people have died and early estimates of the economic costs have reached as high as $150 billion. The… Continue Reading…
JPMorgan Chase and Bank of America are preparing to ease mortgage repayment conditions for customers affected by the Los Angeles wildfires, as residents grapple with one of the most destructive natural disasters in the city’s history. Chase Home Lending is providing disaster forbearance for mortgage customers affected… Continue Reading…