mortgages News

As Sea Levels Rise, Homes Continue to Sprout in U.S. Flood Zones

NEW YORK — New homes are going up fastest in high-flood risk areas in many U.S. coastal states, scientists said on Wednesday, despite increasing awareness that global warming has made living in such areas even more risky. Science and communication …

Washington Mudslide Homeowners on Hook for Mortgages

Property owners who lost their houses in the Oso mudslide probably still owe payments on their home loans. Lyn Peters of the state Department of Financial Institutions says mortgages are legally binding contracts,even if the homes are gone. The Seattle …