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....
Mortgage rates fell last week. Can they go lower?
Mortgage rates fell last week after a brutal few months of rising rates. The question now is whether rates can keep going lower....
Lawmakers, housing groups react to Scott Turner’s HUD confirmation hearing
Lawmakers and housing trade groups reacted to Scott Turner's confirmation hearing to lead HUD, with many saying they're poised to work with him on housing issues....
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....
Mortgage applications for new homes are 9% higher than a year ago
MBA builder application survey data for December highlighted 9% year-over-year growth in loan applications for new homes....
Chicago-area contractor sentenced to 17 years in prison over reverse mortgage scam
The U.S. Department of Justice (DOJ) announced this week that Mark Steven Diamond, who was accused of “bilking elderly homeowners in a reverse mortgage and home repair scheme,” was sentenced to 17 years in federal prison by the U.S. District Court for...
Compass attracts top Connecticut team
Compass is strengthening its presence in the Nutmeg State. On Friday, the largest brokerage in the country by sales volume announced that The Jennifer Leahy Team will be leaving Douglas Elliman to join the Robert Reffkin-helmed firm....
Rising mortgage rates zap builder confidence
The recent rise in mortgage rates, approaching 7.25%, has negatively affected builder sentiment. They need rates in the 6-6.5% range to grow....
FHA updates loss-mitigation waterfall in new mortgage servicing guidance
Published on Thursday, the letter extends existing COVID-19 recovery options to February 2026. The FHA said it is aiming to give stakeholders “time to implement the new loss mitigation, claims, and reporting requirements.”...
What previous California wildfires can teach us about rebuilding LA
When the wildfires in Los Angeles are finally extinguished, the city and its residents will have to sift through the devastation and answer questions about how — and whether — to rebuild....