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All the ways the wildfires could make LA housing more expensive

Housing Wire

The sight of beautiful houses in Los Angeles transports you to an idyllic version of the city found in classic Hollywood movies. Insurance companies Chubb, Allstate, Tokio Marine and Trans Pacific have all pulled out of California since 2021. This will force homeowners to either pay more monthly or go without insurance.

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Massachusetts budget features programs to support seniors, aging in place

Housing Wire

These include home- and community-based care designed to support aging in place ; community councils on aging to better assess the needs of older residents; funds for outreach and counseling resources for seniors who have mental health needs; and more allocations for the state’s health insurance program. Councils on aging will receive $1.4

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Investors turn their eyes to affordable housing opportunities

Housing Wire

There’s a growing sense that affordable housing is a stable investment class for banks and insurance companies; even in the 2008 – 2009 recession, it held up well.”. “We’re seeing statistics from our developers across the country that their portfolios are holding up well,” he said.

Investors 436
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FHA borrower fee gridlock draws ire of industry

Housing Wire

The Federal Housing Administration ’s (FHA) decision to withhold a mortgage insurance premium cut has confounded mortgage policy experts and industry stakeholders. Income from FHA premiums go into the general Treasury fund when Congress passes a Transportation and HUD appropriations bill. The money can then be used for other programs.

Insurance 455
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HG Holdings acquires National Consumer Title

Housing Wire

North Carolina-based HG Holdings Inc agreed last week to acquire 100% of the equity of Florida-based National Consumer Title Insurance Company — owned by Southern Fidelity — and 100% of the interest in National Consumer Title Group LLC. HG Holdings will pay Southern Fidelity $5.5 million, according to a statement put out by the company.

Insurance 289
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Volunteers aid Pennsylvania seniors as they age in place

Housing Wire

For seniors who live alone and may not have easy access to public transportation, relatively simple tasks such as grocery shopping or medical appointments become much more difficult to complete. Data from insurance provider Genworth Financial was provided to show the financial benefits of aging in place.

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Mortgage rates fall as labor market normalizes

Housing Wire

From the Fed: In the week ended March 2, initial claims for unemployment insurance benefits were flat, at 217,000. Job gains occurred in health care, in government, in food services and drinking places, in social assistance, and in transportation and warehousing. Jobless claims show an expanding economy that has not lost jobs yet.

Marketing 494