This retreat will grow as a result of the Palisades and Eaton fires, as insurers adjust their risk models on ravaged parts of LA that weren’t previously thought to be at high risk of wildfires — or pull out altogether. Insurers that stay in the market will undoubtedly charge higher premiums, and many rebuilding homeowners […]
All the ways the wildfires could make LA housing more expensive Read More »
I’m not sure if it was the Duke of Richmond’s people who coined the term ‘breakfast club’ for the famous enthusiast gatherings at the Goodwood Motor Circuit, but if it wasn’t, they were certainly the first to recognise and harness the power and popularity of these simple events. These days, they stage four breakfast clubs
Breakfast club car meets are keeping the car community alive Read More »
Mortgage spreads The unsung hero for housing in 2024 and 2025 is better mortgage spreads, which tends to be the case at this stage of the economic cycle. The U.S. housing market would have been much worse without better spreads in 2024 & 2025. If we applied the worst spread levels from 2023 to today’s
Mortgage rates fell last week. Can they go lower? Read More »
“Scott Turner agreed we have a housing affordability crisis in our country,” Warren said. “President-elect Trump claims he wants to lower housing costs. But I want to hear more about their plans to actually do that, including investments to boost housing construction, using the Department’s tools to bring down costs, and cracking down on private
Lawmakers, housing groups react to Scott Turner’s HUD confirmation hearing Read More »
News that the upcoming Honda Prelude will have fake gearshifts has caused some consternation among enthusiasts in the various bits of the internet where we’re currently scattered. Quite a lot of sceptics, not much wild enthusiasm. In their earlier incarnations, Preludes were among the best affordable driver’s coupés on the market, with high-revving VTEC engines mated
Will fake gearshifts in hybrids and EVs win over enthusiasts? Read More »
The original Civic was developed at a time when a struggling Honda’s future as a car firm was in doubt after a number of technically innovative vehicles failed to win over buyers. As a result, the firm focused on developing a ‘basic car’. The wheels were pushed to the corners to boost comfort and a 1.1-litre engine
79 years of innovation: Highlights from the Honda heritage hall Read More »
A notice implemented into the reverse mortgage servicing process that is designed to flag potential foreclosures if they are in a federally declared disaster area could prove to be beneficial for any borrowers currently impacted by the Los Angeles-area wildfires, according to a servicing industry expert. Colorado fire and Ed Sharp After a reverse mortgage
Reverse mortgage servicing safeguard might help LA borrowers Read More »
Purchase mortgage applications for new homes rose 8.9% year over year in December 2024, according to a report released Friday by the Mortgage Bankers Association (MBA). Application volume decreased by 3% compared to November. MBA’s Builder Application Survey for December monitors application volumes across mortgage subsidiaries of U.S. homebuilders. New-home sales estimates are pulled from
Mortgage applications for new homes are 9% higher than a year ago Read More »
The U.S. Department of Justice (DOJ) announced this week that Mark Steven Diamond, who was accused of “bilking elderly homeowners in a reverse mortgage and home repair scheme,” was sentenced to 17 years in federal prison by the U.S. District Court for the Northern District of Illinois. Diamond was criminally indicted in 2017 and “pleaded
Chicago-area contractor sentenced to 17 years in prison over reverse mortgage scam Read More »
“Compass empowers sellers to market their homes on their terms and gives buyers access to inventory unavailable elsewhere,” Leahy said in a statement. “This move allows me to focus on selling homes while leveraging technology to streamline operations and deliver the best results for my clients.” In 2023, Leahy and her team did $167.6 million
Compass attracts top Connecticut team Read More »
