Inside $300 Million Members-Only Luxury Doomsday Bunker With AI-Powered Medical Suites and Indoor Pools Where the 1% Can Seek Shelter From Apocalypse

safeA $300 million members-only luxury doomsday bunker complete with robotic medical suites, lavish swimming pool, and fine dining restaurants is set to revolutionize how the rich and powerful can shelter themselves in an apocalyptic disaster.Due to open in the summer of 2026, the high-end undergrou

Reverse mortgage servicing safeguard might help LA borrowers

A notice implemented into the reverse mortgage servicing process that is designed to flag potential foreclosures if they are in a federally declared disaster area could prove to be beneficial for any borrowers currently impacted by the Los Angeles-area wildfires, according to a servicing industry ex

Mortgage applications for new homes are 9% higher than a year ago

Purchase mortgage applications for new homes rose 8.9% year over year in December 2024, according to a report released Friday by the Mortgage Bankers Association (MBA). Application volume decreased by 3% compared to November.MBA’s Builder Application Survey for December monitors application volumes

Chicago-area contractor sentenced to 17 years in prison over reverse mortgage scam

The U.S. Department of Justice (DOJ) announced this week that Mark Steven Diamond, who was accused of “bilking elderly homeowners in a reverse mortgage and home repair scheme,” was sentenced to 17 years in federal prison by the U.S. District Court for the Northern District of Illinois.Diamond was cr