For communities engulfed in the wildfires that took place earlier this year in the Los Angeles area, lives have been upended and additional strain has been placed on an already-stressed housing system in Southern California. But for wildfire victims who are also reverse mortgage borrowers, they may encounter problems stemming from a major disaster interacting […]
In a move seen as a blow to the city’s plans to develop affordable housing, the mayor of Fresno, California, announced during a city council meeting that the city has lost a pro-housing designation from the state due to perceived failures in expanding its affordable housing stock. In April 2023, Fresno was announced as one
California revokes City of Fresno’s ‘pro-housing’ designation Read More »
MetroList, the largest MLS in Northern California, has rolled out a new “add/edit” voice-controlled app for real estate agents to collect and input property data directly from the field. The app, developed in partnership with real estate technology company Lundy Inc. — allows agents to speak property details aloud while walking through homes, with the
MetroList introduces voice-controlled property data app Read More »
State Farm is going back to California’s regulator for a higher homeowners rate increase. One week after State Farm General, the California division of the State Farm parent company, won approval from California insurance commissioner Ricardo Lara for a 17% emergency rate increase, effective June 1, it amended its previous increase request. State Farm General
State Farm’s added California rate hike request gets pushback Read More »
Reverse mortgage professionals encounter a variety of challenges when introducing product specifications to a prospective customer for the first time. These elements may include an explanation of how the loan proceeds work, clarifying the realities of negative amortization, or something as basic as communicating to a family member why their loved one is thinking of
Loan officers detail the challenges of explaining reverse mortgages Read More »
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