You’re bound to find variability in the total cost estimates related to the damage and destruction caused by the wildfires in Southern California, but some of the variations are exacerbated by what is included versus what is excluded in these estimates. According to CoreLogic, the total damage cost estimate for the Los Angeles wildfires as…
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Fairway Independent Mortgage Corporation, a large mortgage lender and a top 10 lender in the reverse mortgage industry, will aim to expand its focus on its reverse mortgage arm in 2025 owing to the efforts of David Lazowski, the company’s new president of national recruiting and growth. Emboldened by its efforts in the purchase mortgage…
The Consumer Financial Protection Bureau (CFPB) has found that homeowners facing flooding from rivers and creeks are more likely to be underinsured against flood risk than homeowners in coastal areas, according to a report published on Monday. The report is based on a sample of mortgage applications from 2018 to 2022, and it examines flood…
The wildfires in Los Angeles have caused unspeakable damage, heartbreak and loss of life. As of Monday, the five major fires have burned about 60 square miles in the LA area and 24 people have been killed. While the current focus is rightfully on containing the blazes and protecting residents, it’s worth taking stock of…