California will require home insurers to offer policies in high-risk wildfire areas
The California Department of Insurance unveiled a new regulation this week that aims to increase homeowners insurance coverage in areas prone to wildfires, a response to the recent pullback in policies by several major insurers. Announced by California insurance commissioner Ricardo Lara on Monday,
Reverse mortgage leaders on partnering with the forward side in 2025
Reverse mortgage professionals made more inroads into the forward mortgage industry in 2024. This happened through dedicated conversations, partnerships between reverse and forward mortgage companies, and expanded activities in reverse that stemmed from acquisitions and expansions of existing divisi
Treasury, FHFA take key steps for ‘orderly’ exit of GSEs from conservatorship
Speculation about the future of GSE conservatorship under the new Trump administration took another turn on Thursday when the U.S. Treasury and the Federal Housing Finance Agency (FHFA) announced an agreement to amend the Preferred Stock Purchase Agreements (PSPAs) with Fannie Mae and Freddie Mac. I
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