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California will require home insurers to offer policies in high-risk wildfire areas

Housing Wire

Fewer options have led more homeowners to the California FAIR Plan, which is designed to be a stopgap measure rather than a permanent solution. The eight largest wildfires in state history have occurred since 2017, and the worst when measuring the loss of life was the Camp Fire in 2018, which killed 85 people.

Insurance 523
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FOA seeks to ‘modernize’ reverse mortgage outreach efforts to seniors

Housing Wire

It also wants to widely deploy refreshed marketing strategies that are designed to both educate and appeal to older homeowners about the use of home equity in retirement. The product was first introduced in 2018, marking the industry’s first-ever second-lien reverse mortgage option.

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Mobile Home Prices on the Rise

Appraisal Buzz

In addition, their analysis found that, between 2018 and 2023, sales prices of new mobile homes actually rose faster than those of new site-built, single-family homes. Key Findings of the Report The average sales price of new mobile homes rose by 58.34% between 2018 and 2023 in the U.S, The report used the U.S.

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Keller Williams settles some of the lawsuits tied to its profit-sharing program

Housing Wire

The Mcfarlane suit, which was filed in early May by James Mcfarlane — who was brokered with Keller Williams from 2004 to 2018 — is just one of more than a dozen lawsuits filed by former KW agents. Agents join the profit-sharing program by designating a sponsor when they join a market center.

Brokerage 448
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These markets are attracting the most out-of-state real estate investors

Housing Wire

The 30% of purchases going to out-of-state buyers in Allen County so far in 2020 is up from 21% in 2019 and 11% in 2018. We wanted to invest capital back into the area in which we grew up,” said Wenzel, who is partnering in the venture with a long-time friend who is a designer and general contractor in Connecticut. per square foot.

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Wells Fargo pays $96M to settle LO comp lawsuit

Housing Wire

The lawsuit, which combined two legal actions that were designated a class action, was filed on behalf of 5,377 loan officers and other mortgage staffers employed by the bank in California from 2013 and 2019. Attorney General in December 2018 brought the total settlement cost to $3 billion. Wells Fargo agreed to pay $95.7

Legal 488
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GSEs Seek Input on Duty to Serve Plans

Appraisal Buzz

Additional initiatives that Freddie Mac noted included the financing of more than 46,000 manufactured homes titled as real property from 2018-2023, providing more than $6.7 Among Freddie Mac’s actions to preserve affordable housing from 2018-2023 include: Purchased more than 500 loans on shared equity homes since launching offerings in 2019.

Finance 390