Do you still need to pay for your home if it was destroyed in a disaster?
CNN
Wildfires, raging floods, tornadoes and hurricanes can obliterate your home, but not your mortgage.
Wildfires, raging floods, tornadoes and hurricanes can obliterate your home, but not your mortgage. The hard reality is that even when you live in a federally declared disaster area — like those ravaged by wildfires in Los Angeles County or battered by hurricanes in North Carolina and other states — you still will owe the bank whatever is left on your loan, even though your house no longer exists or is uninhabitable. There are, however, some disaster-related relief programs that can temporarily reduce or suspend your mortgage payment for up to a year and sometimes beyond, depending on your circumstance. Here’s what you need to know. The servicer is listed on your mortgage statement and is the first place you should call to learn about your options, which typically involve a form of forbearance. The types of mortgage relief a servicer can provide will be governed in part by the entity that backs your mortgage or holds it in its portfolio. Usually that’s an individual bank or a government agency (e.g., Fannie Mae, Freddie Mac, the Federal Housing Administration, the Veterans’ Administration, etc.) If you’re not sure which it is, your servicer can tell you.
Run 3 Space | Play Space Running Game
Traffic Jam 3D | Online Racing Game
Duck Hunt | Play Old Classic Game
If President Donald Trump were to fire Federal Reserve Chair Jerome Powell, it could have unintended and severe consequences that reverberate throughout the US economy and global markets.
Public media stations are on the verge of losing the federal funding that has helped keep them on the air for decades. Here’s what that would look like.
In a shocking move, CBS is ending “The Late Show with Stephen Colbert” next year, potentially exiting the late-night television business altogether.
Water beads have long been criticized for being dangerous, even fatal, for kids. Now two members of a government watchdog are tearing into a decision by the acting chair of the body to delay a final ruling on the toys.
Federal Reserve Chair Jerome Powell responded by letter Thursday to a senior Trump administration official who accused the head of the central bank of mismanaging an “ostentatious overhaul” of its Washington, DC, headquarters.
Top Democrats on the oversight committee say Fox presented Trump’s comments about the so-called Epstein files in a way that both misled the public and distorted his position.
Public TV stations will be “forced to make hard decisions in the weeks and months ahead,” PBS CEO Paula Kerger said Thursday, after the Senate approved a bill canceling all the federal funding for the network.
US President Donald Trump is trying again to end the war in Ukraine – not by targeting Russia, but by hitting the countries that buy Russia’s oil.
Americans are still opening their wallets, even as President Donald Trump’s tariffs start to take a bite.
Global stock markets have largely shrugged off President Donald Trump’s renewed tariff campaign. In commodities markets, however, tariff threats have sent the price of copper soaring to all-time highs — signaling the potential for higher tariff-induced prices for a metal with critical uses across the US economy.
This past April, when President Donald Trump started flirting with the notion of firing Fed Chair Jerome Powell, stocks and the dollar tumbled because investors worried that even talking about such a move crossed a red line. You can’t even joke about that, the Wall Street intellectuals told us — the central bank’s independence is simply too important.
China has put export restrictions on technologies critical for producing electric vehicle batteries, in a move to consolidate its dominance in the sector that has contributed to the country’s lead in the global EV race.