Tens of thousands of homeowners with federal mortgage insurance do not have proper flood insurance on their homes, exposing taxpayers to billions of dollars of increased liability, a new federal investigation says. The report provides the first insight into whether homeowners with Federal Housing Administration mortgage insurance are complying with […]

While earthquake insurance is optional in California, home insurers must offer it to new homebuyers.  Earthquake insurance covers your dwelling, personal property, and provides loss-of-use coverage. You can purchase earthquake insurance through your homeowners insurance provider.  Loading Something is loading. California has a well-earned reputation as the earthquake capital of […]

A reverse mortgage could provide much-needed cash to cover costs such as basic living expenses, medical care, and home repairs. Still, numerous fees can make reverse mortgages prohibitively expensive for some homeowners. One particularly onerous expense is the lender-required mortgage insurance premium (MIP). If you have a home equity conversion […]

TOP NEWS OF THE WEEK: India’s largest ever initial offering (IPO) by Life Insurance Corp (LIC), was oversubscribed 2.95 times as foreign institutional investors stepped up their bids in the last hours before the close of subscription on Monday (May 9), shunning currency risks and global market uncertainties.   Overseas investors […]