July 22, 2025

foreclosure

Mortgage

Californians report unraveling mortgage relief after the fires

California’s state-run mortgage relief program, announced in January by Gov. Gavin Newsom, had more than 400 financial institutions voluntarily sign up, agreeing they would not charge late fees, would not report late payments to credit agencies and would not demand “balloon payments,” which require borrowers to pay back their entire balance right at the end

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Mortgage

Mortgage delinquencies were steady in March: Cotality

“Mortgage delinquency rates held steady at a low level in the first quarter of 2025. Roughly 40% of metropolitan areas showed increases in the overall delinquency rate, comparable to the share from the fourth quarter of 2024,” Molly Boesel, senior principal economist at Cotality, said in a statement. “Those areas posting the largest increases in

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