A HOMEOWNER said he has been stuck with $180,000 left to pay on his mortgage despite his older age. David Turoff, 73, explained why he had no regrets about retiring with a mountain of debt. David Turoff said he was stuck with $180,000 in debt as he retired but explained why he had no regrets
Housing is all out of whack. Real estate is cyclical, and typically when mortgage rates shoot up, sales decline, and home prices fall; and eventually because home prices tumble, sales return. But none of that has happened. Home prices rose substantially during the pandemic housing boom as historically low mortgage rates and remote work fueled
THERE. IT’S UNCLEAR IF ANYONE WAS HOME AT THE TIME OF THE FIRE OR IF ANYONE WAS INJURED. AFTER MONTHS OF DELAYS, SYNAGOGUES, MOSQUES AND OTHER PLACES OF WORSHIP FINALLY LEARNED WHETHER THEY WILL GET STATE MONEY TO RAMP UP SAFETY AND SECURITY MEASURES. THIS PROGRAM IS FOR FAITH BASED ORGANIZERS AND NONPROFITS. THE CALIFORNIA
Gas prices have been on the rise nationwide, but for California drivers, they’ve skyrocketed in a short amount of time. The Golden State’s average at the pump surged by $0.23 to $5.27 per gallon on Friday from a week ago, according to AAA data. Meanwhile, the nationwide average sat at $3.54 per gallon on Friday,
The state of California is maintaining its mortgage relief program funded by the 2021 American Rescue Plan, which includes assistance for reverse mortgage borrowers. But the funding is running low and could soon be exhausted soon, according to estimates from state housing officials as reported by the Los Angeles Times. After extending availability for the
US News By Richard Pollina Published March 28, 2024, 2:05 a.m. ET A 102-year-old wheelchair-bound Oakland man was ordered to paint over his vandalized fence with his 70-year-old son or face a hefty fine worth thousands. Victor Silva painted over the black and red graffiti on the back fence of his home he had lived
When it comes to challenges in the property insurance marketplace, in relation to climate, weather, catastrophe losses and insurer’s ability to underwrite property business profitably, typically California or Florida are the poster child, but analyst firm ALIRT Insurance Research believes the issue is more widespread across the United States.ALIRT focuses on State Farm’s recent announcement
Congress created the program in 2007, but rigid rules and missteps by student loan servicers left many borrowers unable to get the cancellation they were promised. The Biden administration loosened some of the rules and retroactively gave many borrowers credit toward their 10 years of payments. Through those actions, the Biden administration has canceled loans
California’s high-speed rail project between San Francisco and Los Angeles is facing major funding hurdles. California High-Speed Rail Authority CEO Brian Kelly testified this week at the state Senate Transportation Committee about the authority’s updated draft business plan. Kelly told lawmakers he had $28 billion dollars on hand, but that is still several billion dollars
Employee-owned international broker-dealer Baird has launched a California Public Finance group and hired veteran banker John Baracy as a managing director to run it and be the California K-12 market lead. “It’s been a market we wanted to expand in just given the size of the California economy,” said Brian Brewer, Baird’s director of public