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FTC wins court order to shut down alleged mortgage relief scheme

California, Cares Act, Federal Trade Commission, HWmember, Lawsuit, Legal, Mortgage /

The Federal Trade Commission (FTC) on Wednesday announced that it secured a court order to shut down an alleged mortgage relief scheme. The regulator says the scheme referenced federal homeowner assistance programs to collect upfront fees from financially distressed borrowers while failing to deliver promised loan modifications. A judge for the U.S. District Court for […]

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HouseAmerica Financial joins All Western Mortgage 

California, HWmember, Lenders, Mortgage, Origination, Partnerships /

National mortgage banking company All Western Mortgage (AWM) announced on Thursday that HouseAmerica Financial has joined the company as it continues its national expansion. HouseAmerica Financial, based in La Cañada, California, produces about $500 million annually in mortgage volume, according to the announcement. The company is led by mortgage executive Alan Pezeshkian, who has more

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California MBA backs $100M fund in governor’s budget proposal for wildfire rebuilding

California, Construction loan, Forbearance, Housing Market, HWmember, Mortgage, Natural Disaster, Wildfire /

The California Mortgage Bankers Association (CMBA) voiced strong support for Gov. Gavin Newsom’s proposed $100 million allocation for the Southern California Rebuild Fund included in this month’s revised state budget proposal, the trade group said this week. The proposed funding is designed to expand access to construction financing for homeowners affected by last year’s Southern

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LA wildfire recovery aftermath draws Trump scrutiny

California, Donald Trump, Forbearance, Housing Market, HWmember, Los Angeles, Mortgage, Wells Fargo, Wildfire /

Donald Trump said last week that his administration will examine how banks are treating homeowners affected by the last year’s Los Angeles wildfires, singling out Wells Fargo for criticism after meetings with local officials. In a post on Truth Social, Trump said he met with Los Angeles Mayor Karen Bass and Los Angeles County supervisor

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California bills would pause mortgage payments in disasters

California bills would pause mortgage payments in disasters

California, Homeowners insurance, Regulation and compliance, Servicing, Wildfires /

Three wildfire-relief bills, including one that would let homeowners pause mortgage payments after a disaster declaration, cleared their respective California committees this month and are headed to formal votes.  Processing Content State Assemblymember John Harabedian, D-Pasadena, whose district includes some of the neighborhoods hardest hit by the early-2025 Los Angeles wildfires, led proposals for all

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California court curbs Coastal Commission on building permits

California, Housing Policy, HWmember, Policy, Regulatory Compliance, Supreme Court, The Builder's Daily, Zoning /

A California home builder sought to build three additional houses on lots it had owned for more than two decades in a coastal county. That should have been easy. It had already built four nearby homes. But it wasn’t. Years of court hearings followed when a state agency overrode San Luis Obispo County’s authority and

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SERHANT. launches in five California luxury markets

Brokerage, California, HWmember, Los Angeles, People Movers, Real Estate, Ryan Serhant, San Diego, San Francisco, SERHANT. /

SERHANT. is expanding into California, opening across Los Angeles, San Diego, Orange County, San Francisco and Tahoe with agents who closed more than $2 billion in sales over the past 12 months, the brokerage announced Tuesday. The firm said this move marks its largest market launch by sales volume. The company will base its California

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Douglas Elliman adds $50+M Jackson Arnett Group in California

Brokerage, California, Compass, Douglas Elliman, HWmember, People Movers, Real Estate, real estate teams, San Diego /

The Jackson Arnett Group, a top-producing luxury real estate team in Rancho Santa Fe, has joined Douglas Elliman Realty in Rancho Santa Fe and North County coastal San Diego after more than seven years at Compass, the brokerage announced Monday. Led by Delorine Jackson and Ian Arnett, who both serve clients along side agent Bayley

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Housing market demand is holding, but pricing gaps are breaking deals

California, Data & Analytics, Florida, Housing Market, Housing Market Data, HWmember, Minneapolis, Nashville /

Housing demand is still holding up on a year over year basis, even as mortgage rates sit at 6.64%, a level that has historically marked a key dividing line for demand. That is the backdrop Logan Mohtashami laid out in this week’s Housing Market Tracker, where he wrote that “we are at a key inflection

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First fully rebuilt Palisades home testing post-fire demand

Brokerage, California, Compass, Home Prices, Homeowners insurance, Housing Market, HWmember, Los Angeles, Luxury Real Estate, Natural Disaster, New Home Sales, Real Estate, Wildfire /

Fourteen months after California’s Palisades wildfires destroyed nearly 5,900 homes, the first fully rebuilt residence has come to market, offering the clearest pricing test yet for post-fire demand. The newly built contemporary home — listed at just under $7.5 million — comes after the original was just one month from completion when it was destroyed.

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