In the midst of what appears to be a golden age for the insurance industry, one might wonder: what's the difference between insurance and a Ponzi scheme? In 2023, the property and casualty (P&C) insurance sector amassed an eye-watering $88 billion in profits, more than doubling the previous year's earnings and marking the most profitable…
Home costs rose almost 20% over the last year, an amazing rate of boom that became quicker and greater than even the run-as much as the housing crash of 2008, in keeping with Fortune — and that one sunk the complete worldwide financial system. Volumes had been written about the lumber scarcity, the remote-working workplace…
Although coronavirus cases are growing in lots of components of the country, the pandemic has executed little to stifle the U.S. housing market. On the contrary: home buying is heating up nationwide.
Existing home sales jumped 20.7% in June at an annual rate of 4.72 million, according to the National Association of Realtors. Meanwhile, new home…
Fannie Mae and Freddie Mac, which again an extensive portion of the U.S. mortgage market, have stated they will offer mortgage forbearance up to 12 months, waive consequences and overdue fees, and droop the reporting of delinquencies as a part of their reaction to the coronavirus disaster. In addition, they're halting foreclosures and evictions through…