California’s affordable housing regulation is designed to help low-income borrowers, but it can involve some unexpected expenses for lenders and servicers.

California lenders must brush up on the impact of the Full Credit Bid Rule in light of recent wildfires. Editor’s note: This feature originally appeared in the January issue of MReport, out now.

By T. Robert Finlay, Founding Partner, Wright, Finlay & Zak and Sonia Edwards, Senior Associate, Wright, Finlay & Zak, California With global warming and other environmental issues at the ...