Sun Mar 23 17:10:58 EDT 2025
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The Insurance Exodus: Why Companies Are Leaving States Like California

Insurance companies are pulling out of high-risk states like California, leaving homeowners, renters, and landlords scrambling for coverage. The primary driver of this exodus is the massive financial losses caused by natural disasters, particularly wildfires. Insurers argue that the increasing frequency and severity of these catastrophes, combined with outdated state regulations, make it nearly impossible to remain profitable. The question that presents is whether or not future generations of new home owners will be able to purchase homes in areas without insurance.

The Impact of Wildfires on . . .

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US Government Shutdown Looms Three Days Away

As the March 14, 2025, deadline approaches, the United States faces a potential government shutdown, with significant implications for federal operations, the economy, and public services. The current situation is marked by intense political debates, recent stock market volatility, proposed federal job cuts, and uncertainty surrounding legislative support.

Political Standoff and Legislative Efforts

House Republicans have advanced a stopgap funding bill . . .

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Dow Crashes By 890 Points Confirming My Prediction of Recession This Year

Throughout March 2025, the U.S. stock market has faced significant volatility, with the Dow Jones Industrial Average (DJIA) experiencing notable declines. On March 10, today, the DJIA dropped 890 points (2.1%), closing at 41,911.71. This decline was part of a broader market downturn, with the S&P 500 falling 2.7% to 5,614.56 and the Nasdaq Composite decreasing 4% to 17,468.32. Year-to-date performance as of March 10 indicates that the S&P 500 is down 4.5 . . .

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Steel, Aluminum, Copper and Now Lumber: How Tariffs Will Impact Our Industry

U.S. tariffs have long been a policy tool for protecting domestic industries and addressing trade imbalances. However, they also come with significant economic consequences, particularly in sectors that rely on imported materials. The construction and rehabilitation industries are among those most affected by tariffs, as they rely on various imported goods, including steel, lumber, aluminum, and machinery.

The National Association of Home Builders (NAHB) has warned that Trump's 25% tariffs on Mexico and Canada would directly increase the cost of building materials --- and that those costs would . . .

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HUD M&M AM Awardee Under Scrutiny For “Voluntary” Paid Training

The latest controversy surrounding the HUD M&M Asset Manager (AM) 3.9 contract raises serious questions about compliance with the Federal Acquisition Regulations (FAR) and ethical standards in government contracting. Now referred over to HUD HQ SFAM, the packages ranging from $595 to $2,125, for "voluntary" training, are under scrutiny. A recent email from a HUD AM awardee’s Closing Department, viewed exclusively by Foreclosurepedia, promoted a "voluntary" paid training for HUD real estate agents --- despite the fact that providing such training is already a contractual . . .

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