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Gavin Newsom expands California’s mortgage relief plan

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Gavin Newsom expands California's mortgage relief plan

Democratic Gov. Gavin Newsom is taking a direct shot at the Trump administration, expanding a state mortgage relief program to $100,000 per household while accusing the White House of “turning its back” on California fire survivors. 

On Thursday, Newsom announced that disaster-affected homeowners now qualify for a full 12 months of mortgage payment relief, a significant increase from the previous three months, with a total increase to $100,000.

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The maximum assistance per household skyrocketed from the original $20,000. According to a state press release, the funds are non-repayable grants with payments going directly to mortgage providers.

To date, $6.5 million has allegedly been paid to 793 recipients, primarily from the Palisades and Eaton fires, leaving a significant portion of the fund’s $1 billion budget still available.

CALIFORNIA RESIDENTS FACE BRUTAL CHOICE ONE YEAR AFTER LOS ANGELES FIRES DESTROYED THEIR LIVES

Gov. Newsom’s office did not immediately respond to Fox News Digital’s request for comment.

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Gavin Newsom answers press questions

Gavin Newsom, governor of California, attends the 62nd Munich Security Conference Feb. 13, 2026. (Kay Nietfeld/picture alliance via Getty Images)

The move signals an aggressive shift by Sacramento to bypass a stalled federal disaster package and provide direct cash infusions to high-income homeowners.

In a press release, Newsom also called President Trump’s response a “lie” and a “disgrace” as the state moves to fill a perceived federal aid gap.

“We’ve been on the ground, listening and adjusting to meet people’s evolving needs. That’s why we’re expanding this program — to close the gap between relief and long-term recovery and make sure folks get the help they need to move forward,” Newsom said.

But federal officials at the Small Business Administration and White House argue that $3.2 billion in federal loans are already approved but are being blocked by California’s “local permitting backlogs” and “red tape.”

SBA Administrator Kelly Loeffler previously called California’s state and local permitting backlog a “nightmare” that has dragged out wildfire recovery.

“With President Trump’s leadership and alongside EPA, the SBA is opening an expedited path to recovery for every borrower who has been held hostage by the bureaucracy of Gavin Newsom and Karen Bass,” Loeffler said.

Though the Palisades and Eaton fires were contained by the end of January 2025, the Los Angeles County Economic Development Corporation reports that they caused up to $53.8 billion in property damage alone.

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The department’s research also found extraordinarily high destruction rates, with the Palisades Fire destroying 56.3% of all assessed structures and 55.8% of single-family homes. The Eaton Fire destroyed about 50% of all structures and single-family homes.

Additionally, more than 160 lending institutions have already agreed to offer 90-day forbearance extensions beyond the legally required 12 months; and the state has pushed to use rebuilding funds to incentivize “all-electric” homes, costing anywhere from $3,000 to $10,000 less than mixed-fuel homes but aligning with California’s climate mandates.

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Fox News’ Amanda Macias contributed to this report.

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Form 144 Arvinas Inc For: 13 February

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Form 144 Arvinas Inc For: 13 February

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Form 10Q Earth Science Tech Inc For: 13 February

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Form 10Q Earth Science Tech Inc For: 13 February

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Texas Gov Greg Abbott announces 5-point property tax reform plan

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Texas Gov Greg Abbott announces 5-point property tax reform plan

Texas Gov. Greg Abbott released a five-point plan to reform the Lone Star State’s property tax system to provide more relief to homeowners.

The Republican governor is making the property tax overhaul a key plank in the platform for his re-election campaign as he seeks a fourth term in office.

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Abbott announced the plan Wednesday during a Taxpayer Empowerment event in Houston and said the five-point plan would impose tougher limits on local government spending, while also implementing tighter caps on property appraisals. The plan aims to eventually eliminate school district property taxes on homeowners.

“Texas is the state that’s most on fire in the entire United States of America. If you look at our economy, we’re ranked No. 1 for jobs, No. 1 for economic development, No. 1 for doing business,” Abbott told Fox News Digital. “What our goal is is to make sure we continue to pass policies that keep Texas attractive, and that’s why today I talked about my reforms to make sure we slash property taxes in Texas.”

THESE STATES ARE CONSIDERING ELIMINATING PROPERTY TAXES FOR HOMEOWNERS

Gov. Greg Abbott speaks at press conference

Texas Gov. Greg Abbott rolled out a five-point plan for reforming Texas’ property tax system. (Brandon Bell/Getty Images)

The governor’s plan limits the spending growth of local governments to population growth plus inflation or 3.5%, whichever is lower, according to a report by FOX 7 Austin.

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Abbott’s proposal would also raise the bar for local property tax increases by requiring the approval of two-thirds of voters for all local property tax hikes before they can be enacted. That would replicate a supermajority requirement for some statewide property tax increases at the local level.

Voters would also have a say in scaling back property taxes that have been enacted, and one pillar of the governor’s five-point property tax plan would allow 15% of voters in a given jurisdiction to sign a petition that puts a rollback on the ballot.

THESE 10 STATES OFFER THE BIGGEST PROPERTY TAX SAVINGS FOR AMERICAN HOMEOWNERS

Neighborhood in Austin, Texas

Texas has seen a surge in Americans moving to the Lone Star State from other parts of the country, fueling home construction in areas like Austin. (Jordan Vonderhaar/Bloomberg via Getty Images)

The plan put forward by Abbott would also reform how appraisals are handled in Texas by requiring that properties undergo an appraisal once every five years instead of annually, which he thinks would make it easier for homeowners to predict their property taxes year-to-year.

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His proposal would lower the cap on homestead appraisal increases from 10% per year to 3%, while also applying appraisal caps to all properties, including rental and commercial properties. Under current law, homestead appraisal increases are limited to 10% a year.

WALL STREET’S TEXAS MOVE GAINS STEAM AS NYSE TEXAS HITS 100-COMPANY MILESTONE

Kyle Texas home construction

Abbott’s proposal would give voters a say in rolling back property taxes. (Jordan Vonderhaar/Bloomberg via Getty Images)

The fifth point in Abbott’s plan would allow voters to weigh in on a constitutional amendment that would eliminate school district property taxes for homeowners, and the state would fully fund public education, a move the governor said would cut property tax bills by half.

The governor plans to push his property tax plans through a statewide campaign as voters take their tax burdens into account ahead of this fall’s election, FOX 7 Austin reported.

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Fox News Digital’s Peter Pinedo contributed to this report.

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Sabra Health Care REIT, Inc. (SBRA) Q4 2025 Earnings Call Transcript

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OneWater Marine Inc. (ONEW) Q1 2026 Earnings Call Transcript

Q4: 2026-02-12 Earnings Summary

EPS of $0.16 misses by $0.00

 | Revenue of $211.90M (16.21% Y/Y) beats by $9.94M

Sabra Health Care REIT, Inc. (SBRA) Q4 2025 Earnings Call February 13, 2026 2:00 PM EST

Company Participants

Lukas Hartwich – Executive Vice President of Finance
Rick Matros – Chairman, President & CEO
Darrin Smith – Chief Investment Officer, Secretary & Executive VP
Michael Costa – Executive VP, CFO & Treasurer

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Conference Call Participants

William John Kilichowski – Wells Fargo Securities, LLC, Research Division
Juan Sanabria – BMO Capital Markets Equity Research
Michael Goldsmith – UBS Investment Bank, Research Division
Austin Wurschmidt – KeyBanc Capital Markets Inc., Research Division
Seth Bergey – Citigroup Inc., Research Division
Michael Stroyeck – Green Street Advisors, LLC, Research Division
Farrell Granath – BofA Securities, Research Division
Alec Feygin – Robert W. Baird & Co. Incorporated, Research Division
Omotayo Okusanya – Deutsche Bank AG, Research Division
Richard Anderson – Cantor Fitzgerald & Co., Research Division

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Presentation

Operator

Good day, everyone. My name is Abby, and I will be your conference operator today. At this time, I would like to welcome everyone to the Sabra Fourth Quarter 2025 Earnings Call. [Operator Instructions]

I would now like to turn the call over to Lukas Hartwich, Executive Vice President of Finance. Please go ahead, Mr. Hartwich.

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Lukas Hartwich
Executive Vice President of Finance

Thank you, and good morning. Before we begin, I want to remind you that we will be making forward-looking statements in our comments and in response to your questions concerning our expectations regarding our future financial position and results of operations, including our earnings guidance for 2026 and our expectations regarding our tenants and operators, and our expectations regarding our acquisition, disposition and investment plans.

These forward-looking statements are based on management’s current expectations and are subject to risks and uncertainties that could cause actual results to differ materially, including the risks listed in our Form 10-K for the year ended December 31, 2025, as well as in

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Form 10Q COLLAB Z INC. For: 13 February

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Form 10Q COLLAB Z INC. For: 13 February

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Smoke detector alarms sold on Amazon recalled over potential fire hazard

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Smoke detector alarms sold on Amazon recalled over potential fire hazard

Thousands of smoke detector fire alarms sold exclusively on Amazon are being recalled over a sound issue that could pose a fire hazard.

The Consumer Product Safety Commission (CPSC) said in a notice that 11,000 LShome Photoelectric 3-Pack Smoke Detector Fire Alarms may fail to activate promptly if the sensing threshold of security warnings is set too high.

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The alarms are white and circular, and have a light sound warning and test button. They are operated by 9-volt batteries.

ENORMOUS GROUND BEEF RECALL ISSUED OVER DEADLY E. COLI CONTAMINATION RISK ACROSS THREE STATES

Smoke detectors outside of the box.

LShome Photoelectric 3-Pack Smoke Detector Fire Alarms are being recalled. (Consumer Product Safety Commission / Fox News)

The products were sold on Amazon from February 2024 through December 2025 and cost about $30, the CPSC said. The affected model number is XG-7D04-KZ9Z and the SKU number is CX-50YP-A5VN. Both are printed on the bottom side of the alarm.

Consumers should immediately stop using the product and can discard the smoke alarms in the trash, the agency said in the notice.

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THOUSANDS OF POPULAR PRODUCTS, INCLUDING DIET COKE, PRINGLES, RECALLED OVER RODENT CONTAMINATION CONCERNS

Ticker Security Last Change Change %
AMZN AMAZON.COM INC. 198.79 -0.81 -0.41%

No injuries or incidents associated with the recalled products have been reported, according to the CPSC.

A box of smoke detectors that is being recalled.

LShome Photoelectric 3-Pack Smoke Detector Fire Alarms are being recalled. (Consumer Product Safety Commission / Fox News)

The CPSC said consumers should contact lmm15957491237@163.com for instructions on how to receive a refund through Amazon.

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Datavault AI changes warrant distribution date to February 23

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Datavault AI changes warrant distribution date to February 23

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Amazon's Ring ends deal with surveillance firm after backlash

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Amazon's Ring ends deal with surveillance firm after backlash

A Super Bowl advert had sparked new scrutiny of the smart doorbell company’s privacy practices.

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Exelon: Not Just A Bet On AI Data Center Tailwinds, But On Electrification Overall (EXC)

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Exelon: Not Just A Bet On AI Data Center Tailwinds, But On Electrification Overall (EXC)

This article was written by

MSc in Finance. Long-term horizon investor mostly with 5-10 year horizon. I like to keep investing simple. I believe a portfolio should consist of a mix of growth, value, and dividend-paying stocks but usually end up looking for value more than anything. I also sell options from time to time.

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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RQI: My Favorite And 8.4% Yielding Way To Invest In REITs Now

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RQI: My Favorite And 8.4% Yielding Way To Invest In REITs Now

RQI: My Favorite And 8.4% Yielding Way To Invest In REITs Now

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