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DataDigest: In the nation’s hottest housing market, flood insurance premiums soar

Housing Wire

billion per year by 2050 from the base period in severe climate-risk scenario,” economists at CoreLogic said. Here are the 10 counties with the highest annual loss projections through 2050. How are you and your clients handling it? “On the current climate change path, nationwide estimated annual losses may increase to $23.5

Insurance 350
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HW+ Member Spotlight: Josh Mettle

Housing Wire

Loan officers should be helping clients understand how borrowing for as long as possible benefits the borrower because paying back today’s mortgage with 2030, 2040, or 2050 dollars is a great deal for the borrower. HousingWire: What’s one thing that people aren’t paying attention to that you think they should be paying attention to?

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How originators can capitalize on reverse mortgage business in light of the changing housing market

Housing Wire

By 2050, 20% of Americans will be 65 or older. More and more financial and wealth advisors are going to be looking to reverse mortgages—and reverse mortgage originators—as they advise their clients. Ten thousand baby boomers reach retirement age every day , and that number is expected to double over the next several decades.

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Insurance carrier exodus rattles California and Florida housing markets

Housing Wire

A lot of my clients will get insurance quotes three months into the project and then about a year later they are getting their final quote. Scalone said he recently wrote a policy for clients buying a home in Claremont, the Serra Mesa area of San Diego, which is an urban environment. “A

Insurance 351