Wildfire

New California wildfire homeowner assistance program includes reverse mortgages

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

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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Bipartisan Senate duo finds common ground on fighting wildfires

In the halls of U.S. democracy, bipartisanship is a difficult concept. But some topics seem more likely to warrant collaboration between Republicans and Democrats, especially when it comes to housing or housing-adjacent issues. One such issue is natural disasters, including wildfires. Two senators with different bases of support are uniting in their efforts to fight

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California wildfire recovery event sought to offer guidance to reverse mortgage borrowers

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

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