Welcome back, Dreammakers, to Today in Mortgages! In this episode, hosts Michael and Richard talk about the devastating California fires and the consequences. Today's article is from Reuters.com: "Biggest US banks ready mortgage relief for victims of Los Angeles wildfires." The article discusses ways banks are helping victims thru different measures, including forbearance which gives borrowers a break on the payments.

Unfortunately, many of the homes were uninsured or lacked fire insurance, because providers pulled out of that state. Whenever the recovery starts to happen, is there any risk to mortgage providers? Not really, rates could be a little higher, because there is more risk involved, but lenders will always find a way to lend money. Listen in as we discuss this and more!

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Today in mortgages is produced by Network Funding, LP, which is an equal housing lender, NMLS# 2297.

The content of this program is meant to be a commentary on mortgage and real estate news and any discussion of rates and or products should not be taken as individual mortgage or home buying advice or pricing estimates, and any commentary on this show is should not be considered a promise to make a loan. All applicants for a loan must qualify and you should consult a professional regarding your individual loan scenarios for your financial situation.

Visit our website at nflp.com/licenses for all state licensing and other legal information.

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Today in mortgages is produced by Network Funding, LP, which is an equal housing lender, NMLS# 2297. Corporate office located at 10370 Richmond Ave. Suite 900, Houston, TX 77042.

The content of this program is meant to be a commentary on mortgage and real estate news and any discussion of rates and or products should not be taken as individual mortgage or home buying advice or pricing estimates, and any commentary on this show is should not be considered a promise to make a loan. All applicants for a loan must qualify and you should consult a professional regarding your individual loan scenarios for your financial situation. Visit our website at nflp.com/licenses for all state licensing and other legal information.