Mortgage Forbearance Rates Up: Natural Disasters
The Mortgage Bankers Association (MBA) reported an increase in mortgage forbearance rates to 0.27% as of July 31, 2024, from 0.23% the previous month, primarily due to recent natural disasters…..
Tag: natural disasters
Climate Change and Insurance Costs
Climate change is causing insurance premiums to rise, as insurers face increasing costs from natural disasters. Many homeowners are underinsured, and state-backed insurers of last resort are struggling to keep….