20 Hrs
Source:
Los Angeles Times
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Lenders investigated over wildfire insurance
California regulators have ordered mortgage lenders and servicers to report how they have handled fire insurance proceeds following complaints from January 2025 wildfire victims. Many homeowners affected by wildfires experienced delays in receiving insurance payouts, which are typically held by lenders until homes are rebuilt. The state is now demanding data from over 400 licensed lenders to address these issues, amid ongoing efforts to ensure timely disbursement and mortgage relief for fire survivors.
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