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New California wildfire homeowner assistance program includes reverse mortgages

California, Celink, Disaster Relief, HECM, HWmember, Los Angeles, Reverse, Reverse Loans Now, Wildfire /

As communities and organizations continue to reckon with the impact of the Los Angeles-area wildfires, the state is now stepping in with a new assistance program that will include impacted reverse mortgage borrowers whose homes were damaged or lost. California Gov. Gavin Newsom (D) on Thursday announced that the CalAssist Mortgage Fund will launch on […]

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Study suggests banks are avoiding mortgages in California wildfire zones

California, Climate Change, FEMA, HWmember, Los Angeles, Mortgage, Technology, Wildfire /

Following the wildfires that devastated the Los Angeles area at the start of the year, a new study has emerged that suggests banks with physical locations are less likely to extend mortgages to impacted residents, while online lenders are continuing to be active. First reported by the The Washington Post, the study — published on

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