With more than 153,000 people currently under evacuation orders in the Los Angeles area due to multiple wildfires, an estimated 10 deaths and thousands of structures burned, the reverse mortgage industry at multiple levels is mobilizing with a clear, overarching message: Impacted borrowers must get in touch with their loan servicer and insurance carrier as…
"January 11, 2025" Archives
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Less than 10 days into 2025, California is experiencing a multibillion-dollar wildfire disaster that is further shaking up the state’s already vulnerable insurance coverage. Rep. Maxine Waters (D), who represents a portion of the Los Angeles area that is impacted by the damage, is ready to reintroduce a bill at the federal level that would…
Redfin has started 2025 with a round of layoffs. The Seattle-based brokerage company laid off 46 employees on Thursday. In a statement emailed to HousingWire, a Redfin spokesperson noted that most of the impacted employees were managers in the company’s headquarters, program and field leadership roles. No agents were impacted. “We’re continuing to aggressively hire…
Court probes “reverse auction” allegations while plaintiffs seek preliminary approval of deals with eXp Realty, Weichert, Mark Spain Real Estate and Atlanta Communities Real Estate.