January 2026

Large banks extend mortgage relief for LA wildfire victims

California Governor Gavin Newsom said a group of major banks have agreed to extend mortgage relief for Los Angeles wildfire victims, as the area struggles to rebuild one year after the devastating blazes.  Processing Content Wells Fargo, JPMorgan Chase, U.S. Bancorp and Citigroup will streamline requests for an additional 90-day forbearance period, allowing borrowers to […]

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Affordability in the housing market improves to close 2025

The housing market looks set to stabilize this year as home-price growth slowed to a 14-year low in the final months of 2025, new industry reports said. Processing Content Annual home-price appreciation ended last year at 0.7%, the smallest calendar-year increase since 2011, when prices dropped 2.9%, according to Intercontinental Exchange’s Home Price Index.  Cotality

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