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The wildfires are expected to have a limited effect on loan pricing and delinquencies, but other expenses could rise, adding to the cost of a mortgage.

San Jose, California, is the most expensive city with a median home price of $1,528,500, while Detroit is the least, with a median home price of $192,000.

The California FAIR Plan Association, already vulnerable financially, will likely need an assessment of insurers or policyholders as a rescue measure, according to experts.

The Department of Housing and Urban Development did not assign any fault or liability in conjunction with the "historic" settlement.

A deal would give Ackman a chance to expand Howard Hughes, known for its investments in master-planned communities and retail properties.

The top five banks had a combined servicing value of more than $25 billion at the end of the third quarter.

These regulatory announcements in the banking industry are currently open to public comment.

A couple of influential mortgage industry veterans serve on the board of the latest company backing the new nonprofit capital-markets advocacy group.

A cohort of bank industry interest groups called for the incoming Trump administration to pause all pending bank regulation and litigation and extend the timelines for implementing final rules issued by the Biden administration.

California's governor previously prohibited price gouging for building materials and housing services after wildfires destroyed or damaged 12,000 structures.