Mortgage Forbearance Rates Up: Natural Disasters

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mortgage forbearance rates
The Mortgage Bankers Association (MBA) has recently announced that the percentage of mortgage loans in forbearance rose to 0.27% as of July 31, 2024, up from 0.23% the previous month. This increase, which reflects an additional 20,000 homeowners seeking debt relief, brings the total number of homeowners currently in forbearance plans to approximately 135,000. This rise is primarily attributed to recent natural disasters, which have…

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Climate Change and Insurance Costs

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Climate change and homeownership, insurance premiums
If climate change intensifies, there’s a trend that is going to solidify and gain strength; insurance premiums are rising to cover the increasing costs of natural disasters. Many homeowners are underinsured, and state-backed insurers are struggling to meet the growing demand. The market is grappling with adapting to these changes, and accurately pricing climate risk is essential. According to the NOAA, National Oceanic and Atmospheric…

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National Grid Scams

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utility scammers
National Grid has issued a warning to its customers about scammers who are posing as representatives of the company. These fraudsters are using various tactics, such as phone calls and in-person visits, to deceive customers. One common scam involves the scammer claiming that the customer has a past due balance on their utility bill and demanding immediate payment to avoid having their power shut off….

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Military Rental Scams

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Military Rental Scams
Military families often face frequent relocations, moving every two to three years to new duty stations. During these transitions, they may encounter rental scams that can be difficult to detect. To avoid falling victim to these scams, it’s important to be aware of the common tactics used by scammers and take proactive steps to protect yourself. Rental listing scams can take various forms. Scammers may…

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