Reporters discuss bombshell story on’s CEO

An exclusive interview with the Forbes reporters who recently wrote a bombshell article about CEO Vishal Garg’s controversial workplace culture.

Untying business growth from the housing market cycle

Lenders need to be able to grow their business in a way that is not linear and is not tied to the market cycles – leveraging automation technology can help.

How lenders can engage borrowers earlier in the buying process

Before the application stage, lenders need an effective strategy that ties all the home buying stages together and the right tools to support the process.

A home shopper’s guide to navigating a competitive market

Here is a home shopper's guide to navigating bidding wars and low housing supply.

Real Estate

Even though most Americans fear climate change, many don’t have insurance on their homes

Many don't even know if they are insured

Just over a year go, Southern California saw fires rip through neighborhoods, destroying many homes.

According to the California Department of Forestry and Fire Protection, a total of 96,949 acres were burned down over the span of almost two weeks last year. In that time, three died and over 1,500 structures were burned to the ground. 

And now, the fires are back again.

Throughout the last month, wildfires are making their way back through the West Coast, leaving many California residents without a home.

Despite the fact that 55% of Americans believe that climate change is increasing the severity and frequency of natural disasters, many still don’t have the insurance to protect their homes.

The data comes courtesy of a study from Simple Dollar. The study shows that less than half, or 47%, of Americans have purchased home or rental insurance, while 31% don’t even know if they have home or rental insurance.

The National Centers for Environmental Information said that the U.S. has sustained 254 weather and climate disasters since 1980 where overall damages and costs reached or exceeded $1 billion. In all, the total cost of these 254 events exceeds $1.7 trillion.

This year marks the fifth consecutive year in which 10 or more billion-dollar weather and climate disaster events have impacted the United States.

Beyond that, tidal flooding has risen in many coastal communities over the past decade, but that’s not stopping the amount of new homes being built in these cities.

More than 800,000 existing homes worth $451 billion are at-risk for a 10-year flood by 2050. By 2100, those numbers will jump to 3.4 million existing homes worth $1.75 trillion, Zillow said.

Despite those figures, 32% of Americans say they are not afraid of their property being damaged, while 19% say they are most afraid of fire and lightning damage.

Most Popular Articles

The housing market outlook for 2021

After an unprecedented year, MBA Chief Economist Mike Fratantoni says there’s no place like home. Here is his 2021 housing market forecast.

Dec 02, 2020 By

Latest Articles

MBA adds four to its Residential Board of Governors

The Mortgage Bankers Association announced the new members of its 2021 Residential Board of Governors and the Chairs of the Residential Committee.

Dec 04, 2020 By
3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please