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Longbridge hires Azita Guzzo to head up tech innovation efforts

Longbridge Financial, one of the nation’s leading reverse mortgage lenders, on Tuesday announced the hiring of Azita Guzzo as its new head of technology innovation. Guzzo will fill a newly created role at Longbridge. She’s being tasked with the development of advanced technology solutions for enhanced customer service and improved operational efficiency. “Azita’s deep expertise and...

Greater Palm Beach Area Residential Sales Slip in June Amid Growing Inventory

Palm Beach County's housing market softened in June, as total home sales fell 6% year-over-year, underscoring ongoing challenges in condo financing and shifting buyer-seller dynamics, according to new data released by the Miami Association of Realtors. Total transactions dipped to 2,008 from 2,137 in June 2024, driven by declines across both single-family and condominium sectors. Single-family home sales...

Long-term health care costs are exploding. A reverse mortgage could help

As the U.S. population ages, many families are facing long-term care (LTC) issues. Most families either pay for it out of their savings or spend down these savings until they qualify for Medicaid. But there’s a group stuck between the two — those who are too “rich” for Medicaid benefits but not wealthy enough to afford 24/7 in-home care. According to a recent report from Time, about...

California wildfire rebuilding bill paused until 2026

A California wildfire recovery bill will be shelved until 2026, after a torrent of online conspiracy theories and confusion overwhelmed public discussion and policymaking, the Los Angeles Times reported. State Sen. Benjamin Allen (D-Santa Monica) announced that he would pause S.B. 549 — legislation that would have created a local authority to buy lots destroyed in the recent wildfires and offer...

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