Disaster recovery

Claims from a more recent storm that caused some overlapping property damage are also mounting, according to the Federal Emergency Management Agency.

Wind and storm surge damage to residential and commercial properties could reach $47 billion, according to a CoreLogic analysis.

Speaking with the consumer regarding the proper amount and type of insurance needed is the best way for lenders and servicers to mitigate the likelihood of default.

Following the third most active season on record, the 2022 forecast predicts La Niña will drive increased Atlantic storm development.

While particularly high rates of lending have cushioned mortgage companies and banks from the impact in the past, higher rates and thin margins have made efficiency more pressing.

Rep. Val Demings introduced legislation in Congress that automatically triggers a stop on evictions and foreclosures for homeowners with federally-backed mortgages when a disaster is declared.

HUD also said that it will extend mortgage insurance to homeowners whose properties have been destroyed.

As ominous as the dark smoke that choked the Bay Area while California's most destructive wildfire raged 200 miles north, a second tragedy now is looming over the state — the loss of thousands of homes in an already housing-starved region.

The Woolsey Fire in Southern California destroyed or damaged as much as $6 billion in real estate, a new estimate shows.

Sonoma County supervisors have signed off on a wide-ranging suite of policy changes intended to encourage construction of more new homes seven months after nearly 5,300 residences were lost here in last year's devastating wildfires.