State Farm - Real Estate Investor Pulse

State Farm will not renew more than 70K property policies in California

March 26, 2024 Allen Santos Comments Off

Illinois-based State Farm General Insurance will not renew 72,000 residential property insurance policies in California, the company announced last week. The company is withdrawing completely from offering commercial apartment policies — which impact multifamily […]

State Farm Ends Home Insurance Sales in California

May 31, 2023 Mark Paul Cervantes Comments Off

The company is the leading home insurance firm in California. The post State Farm Ends Home Insurance Sales in California appeared first on Weekly Real Estate News.

Rocket lost money last year, so why are its shares up?

February 25, 2024 Comments Off

Rocket Companies, the parent of Rocket Mortgage, lost money in 2023, but executives have expressed confidence about a big turnaround by touting investment in artificial intelligence (AI) to accelerate the company’s profitability. Despite reporting […]

Industry experts are closely watching delinquency rates, insurance costs

February 25, 2024 Comments Off

Mortgage servicers, regulators and economists are closely watching the delinquency rates for Federal Housing Administration (FHA) loans following a spike in the fourth quarter of 2023. Industry experts say that although there’s a correlation […]

Jobs data sends mortgage rates higher

February 3, 2024 Comments Off

Today we got a jobs Friday hat trick! Better headline jobs were reported, with positive revisions and more robust wage growth, which caught bond traders off guard and sent bond yields and mortgage rates […]