What is a jumbo reverse mortgage? A jumbo reverse mortgage is a large reverse mortgage which allows senior owners of high-value homes to borrow up to $4 million of their home equity. These loans, also known as "private" or "owner" reverse...
The number of total loss claims from the December 2021 Marshall Fire currently being analyzed by the Colorado Department of Insurance is 951. (Graph provided by the Colorado Department of Insurance) Total losses from the Boulder, Louisville and Superior, Colorado events are more than $1.02 billion. (Graph provided...
The number of home fires that occur in the United States each year is staggering. These fires result in thousands of deaths and injuries, along with billions of dollars in property damage.According to the National Fire Protection Association, in the five-year period ending in 2019, an average...
California needs a new insurance commissioner, one that voters can be sure represents their interests. The incumbent Ricardo Lara pretends to be the people's champion. But the last four years of scandal and cozy ties with the insurance industry have proven otherwise. It's time for a leader...
By Jonathan SaulLONDON (Reuters) - Western ship insurers are canceling cover for Russia's leading shipping company, Sovcomflot, as multiple sanctions come into play, the companies involved say, adding to mounting challenges for the state-owned company. and Moscow's efforts to export oil and gas.Russia's maritime sector is seeing the...
Dear Penny,My partner and I have been together for 15 years, but we don't really live together. We both own our own houses, mortgage free. Our financial situation is similar in terms of net worth.Due to my partner's health issues, at the start of COVID we...
National mortgage rates increased for all types of loans compared to a week ago, according to data compiled by Bankrate. Rates for 30-year fixed, 15-year fixed, 5/1 ARM and jumbo loans increased.Rates last updated on April 29, 2022. The rates listed above are Bankrate's average overnight rates...
California it needs a new insurance commissioner, one voters can trust to represent their interests. Headline richard lara pretends to be the champion of the people. But the last four years of scandal and cozy ties with the insurance industry have proven otherwise. It's time...
I live in a house that is almost half a century old and generally tracks the median home value in my zip code. This makes it a conveniently representative property. This year, my windstorm insurance shot up at about double the rate I've seen in the last six...
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