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More seniors turning to reverse mortgages amid Louisiana’s insurance crisis

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More seniors turning to reverse mortgages amid Louisiana’s insurance crisis


NEW ORLEANS (WVUE) – With property insurance costs in Louisiana spiraling out of control, seniors are increasingly turning to reverse mortgages for financial relief.

Alison Calamaia at America’s Mortgage Resource says she’s been getting more calls from homeowners asking about reverse mortgages.

“A lot of my calls start with clients asking about whether or not they should get a reverse mortgage,” said Calamia. “My next question is why are you calling? What has occurred that made you make this phone call? Currently, they say my insurance just went through the roof.”

A majority of Calamia’s clients are in their golden years and on fixed incomes. She says the soaring cost of homeowners insurance creates a financial burden many of them can’t afford because they never anticipated the price of insurance premiums to climb so high.

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“I currently have a woman right now, her insurance went from $3,000 to $14,000. She can’t afford to pay that any longer,” she said. “She does have a mortgage on her property, and she might lose her house if she can’t make that mortgage payment.”

Even those without mortgages, like Cheron Brylski of Uptown New Orleans, are feeling the pressure. Brylski put her home up for sale earlier this summer, citing property insurance and taxes as key reasons for her decision.

“It’s basically making living in a house that I own, and I own outright, impossible for me to stay here,” Brylski told us in June.

Calamia said the fear of losing one’s “forever” home is becoming more common among her clients.

“Most of the time it’s the house where they raised their children. And we live in the South. We don’t want to leave that house. We want to stay put,” she explained.

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INSURANCE CRISIS

To stay put, Calamia says a growing number of people are considering reverse mortgages to create another line of money. Details of mortgages and reverse mortgages can be confusing and often filled with financial language unfamiliar to many people. That can often lead to several myths about reverse mortgages said Calamia, who tried to boil down the information for this reporter to understand.

“In a nutshell, it is a mortgage against the home that allows for a percentage of the property value to be used as a stream of monthly income, a line of credit, or a lump sum to pay existing mortgages, but it does not come with a monthly payback as long as the borrower lives in the home. They do have to pay taxes and insurance, but there’s not that principal and interest part of it. In essence, the house is going to pay for the principal that they would receive and the interest on it over time instead of physically making a traditional mortgage payment, the house is paying for it,” said Calamia.

The borrower can use the line of cash or credit generated through a reverse mortgage to pay for things like property insurance. Calamia says reverse mortgages often get a bad reputation. Much of her work involves walking clients through a process to determine if a reverse mortgage would be appropriate for their financial situation.

“One of the biggest reasons myths about reverse mortgages is I can’t get a reverse mortgage if I still owe money on my home. That’s not true. However, in a reverse mortgage the available funds, which is a percentage of the property value, there needs to be enough in the reverse mortgage to pay off that mortgage plus cover the closing costs. We don’t have any out-of-pocket cost so the cost of getting the loan is worked into the loan. People also think they won’t keep the title to their home. They do keep that title as long as they just live in it. And one day, when the mortgage is due and payable, which is usually after the borrower has sold the property or has permanently moved out of the home. When the loan becomes due and payable, any amount that was given to the borrower is paid back along with interest on it over time. There’s no end date. The date is when they no longer live there usually after death,” Calamia said.

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Reverse mortgages may not be suitable for everyone. But during a time when many people are trying to find ways to cover the cost of sky-high property insurance, Calamia believes it can help seniors stay in their forever homes.

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Louisiana Children’s Museum hosts fifth annual Mud Fest

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Louisiana Children’s Museum hosts fifth annual Mud Fest


NEW ORLEANS (WGNO) — For the fifth consecutive year, the Louisiana Children’s Museum hosted its annual environmental festival, Mud Fest, on Saturday, March 28.

From 10 a.m.-4 p.m., parents and their little ones had the opportunity to have fun in the sun and enjoy the “highlight” of the museum’s spring season.

This event was inspired by the iconic New Orleans festival culture which includes good food, live music and a nice, high-energy atmosphere. Mud Fest is tailored for the “youngest environmental stewards” to have fun and make all the mess they want with mud.

Due to the Crescent City being surrounded by wetland habitats, we interact with water daily in both our rural and urban communities.

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The festival generates positive associations with our region and also builds critical thinking skills for future educators, engineers, fishermen and farmers. According to LCM, engaging with nature, water and plants “builds a child’s confidence and fosters a lifelong connection to the Earth.”

“As the Louisiana Children’s Museum celebrates its 40th anniversary, events like Mud Fest reflect our long-standing commitment to hands-on learning that sparks curiosity and connects children to the world around them,” LCM CEO Tifferney White said.

This year, Mud Fest had performances from young musicians of the School of Rock, the Louisiana Sunspots and more. There were also a storytelling stage and various family-friendly activities for visitors to engage in.

Mud Fest partnered with Pontchartrain Conservancy, STEM NOL, Whimscapes and Sugar Roots to put on the event.

Stay up to date with the latest news, weather and sports by downloading the WGNO app on the Apple or Google Play stores and by subscribing to the WGNO newsletter.

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Lana Del Rey gives rare look at modest Louisiana life

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Lana Del Rey gives rare look at modest Louisiana life


Lana Del Rey has enjoyed a low-key life with her gator tour guide husband Jeremy Dufrene in Louisiana and the talented singer recently gave an intimate peek into their relationship.

The 40-year-old Young And Beautiful hitmaker (born Elizabeth Grant) took to her Instagram to post a gallery celebrating the swamp guide’s 51st birthday.

The couple looked just as in love as ever following their wedding in September 2024.

Del Rey shared several recent videos from their modest life together including a cute selfie of the couple by the ocean while she let her natural beauty show by going make-up free.

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She also posted a cute video of Dufrene loading up the truck with plants they had just purchased from Home Depot and when he realizes he is being filmed, the Louisiana native flashed a big smile and proudly posed with a Jack-o’-lantern pot. 

 Del Rey also shared a snap of her hand gripping his wrist as her massive engagement ring could be seen in full view.

Lana Del Rey has enjoyed a low-key life with her gator tour guide husband Jeremy Dufrene in Louisiana and the talented singer recently gave an intimate peek into their relationship as she shared a tribute to him on his 51st birthday

Another snap showed Del Rey wearing one of Dufrene’s tour guide shirts featuring his name embroidered above the pocket. 

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Weeks ago the musical artist gave what appeared to be a glimpse into her married life in her new video.

Del Rey’s Insta Stories video opened with footage from the 1933 Betty Boop cartoon Snow-White, though it focused on a section starring the character Koko the Clown as he’s turned into a ghost.

Then the video abruptly cut to shaky handheld footage of Del Rey dancing with an ecstatic smile plastered on her face. 

The two have kept a relatively low profile since their wedding day but did make a notable appearance last month at the pre-New York Fashion Week Ralph Lauren show on February 10.

The happy couple even stopped for a romantic kiss as they walked the red carpet for the iconic designer.

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The couple first met in 2019 during one of Dufrene’s swamp excursions and reconnected years later, before tying the knot in September 2024.

In August, Del Rey revealed how she fell for her husband, a Louisiana bayou tour guide who spends his days surrounded by alligators. 

Join the debate

What do you think Lana Del Rey’s choice to marry a swamp guide says about fame and real love?

She posted a cute video of Dufrene loading up the truck with plants they had just purchased from Home Depot and when he realizes he is being filmed, the Louisiana native flashed a big smile and proudly posed with a Jack-o'-lantern pot

She posted a cute video of Dufrene loading up the truck with plants they had just purchased from Home Depot and when he realizes he is being filmed, the Louisiana native flashed a big smile and proudly posed with a Jack-o’-lantern pot

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Del Rey also shared a snap of her hand gripping his wrist as her massive engagement ring could be seen in full view

Del Rey also shared a snap of her hand gripping his wrist as her massive engagement ring could be seen in full view

Another snap showed Del Rey wearing one of Dufrene's tour guide shirts featuring his name embroidered above the pocket

Another snap showed Del Rey wearing one of Dufrene’s tour guide shirts featuring his name embroidered above the pocket

Del Rey also posted a video of the cover of their wedding album

Del Rey also posted a video of the cover of their wedding album

‘Like many people who work with large, dangerous beasts, Jeremy has a calm, strong presence,’ Del Rey told W magazine. 

‘When we met, I realized pretty immediately that I loved him, but that it might get difficult because of what I was bringing to the table,’ she continued.

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Del Rey added that Dufrene reassured her from the start: ‘I work with alligators — I have tough skin.’ 

And true to his word, he listened through all the drama: ‘All the things that made me upset — and there were so many! — he would just listen and say, “You be you — and I’ll just love you more.”’

Weeks ago the musical artist gave what appeared to be a glimpse into her married life and her new video

Weeks ago the musical artist gave what appeared to be a glimpse into her married life and her new video 

The two have kept a relatively low profile since their wedding day but did make a notable appearance last month at the pre-New York Fashion Week Ralph Lauren show on February 10

The two have kept a relatively low profile since their wedding day but did make a notable appearance last month at the pre-New York Fashion Week Ralph Lauren show on February 10 

The happy couple stopped for a romantic kiss as they walked the red carpet for the iconic designer

The happy couple stopped for a romantic kiss as they walked the red carpet for the iconic designer

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The couple first met in 2019 during one of Dufrene’s swamp excursions and reconnected years later, before tying the knot in September 2024

The couple first met in 2019 during one of Dufrene’s swamp excursions and reconnected years later, before tying the knot in September 2024

Tying the knot in 2024 didn’t make the spotlight any gentler. 

Del Rey recalled the intense scrutiny they faced, with drones reportedly hovering over their home to snap photos of their wedding and early days as newlyweds.

‘If I was him, I would have been nervous — my emotions were more overwhelming than usual, and my usual emotions can be quite overwhelming!’ she said with a laugh. ‘But Jeremy was fine. He told me, “Don’t worry about me.”’

And when it comes to music inspired by love, fans have already heard a peek. ‘Stars Fell on Alabama. I open my show with that song — that’s it, so far,’ she revealed. 

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‘Jeremy is the most impactful person in my life. He’s quiet in public, but around me he talks all the time.’ 



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Meta orders 10 gas-fired power plants for its Hyperion AI campus in rural Louisiana—more than triple the initial plans | Fortune

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Meta orders 10 gas-fired power plants for its Hyperion AI campus in rural Louisiana—more than triple the initial plans | Fortune


Meta will pay for a total of 10 gas-fired power plants—enough to power more than 5 million homes—to electrify its rapidly expanding plans for its massive AI data center complex in northeastern Louisiana, dubbed Hyperion.

Meta’s agreement with New Orleans–based Entergy, announced March 27, is to build and finance seven new power plants in Louisiana. That comes on top of plans approved last year to build three gas power plants for the sprawling AI hub. The 10 power plants with 7.5 gigawatts of capacity would represent a more than 30% increase to Louisiana’s entire grid capacity, not even counting up to 2.5 gigawatts of renewable energy capacity, including battery storage, that Meta also agreed to help fund.

Meta initially announced plans for a $10 billion investment in December 2024 for a 2,250-acre data center campus in northeastern Louisiana in rural Richland Parish. But Meta recently, and quietly, acquired an additional 1,400 acres, as Fortune reported in February. In October 2025, Meta entered a joint venture with funds managed by Blue Owl Capital to finance, build, and operate the Hyperion campus with up to $27 billion in total development costs, seemingly ensuring the mega-campus will serve as a long-term, multiphase AI hub.

Meta CEO Mark Zuckerberg has said Hyperion would cover a “significant part of the footprint of Manhattan.”

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“Our Richland Parish data center serves as a symbol of the ambition and scale of next-generation AI infrastructure,” said Rachel Peterson, Meta vice president for data centers, in a statement. “We are building foundations for the future of AI innovation right here in the United States. We’ve been working closely with Entergy since early on-site planning to ensure our power needs are met and, importantly, so that Entergy’s other consumers aren’t paying our costs.”

The Louisiana Public Service Commission will still need to approve the projects. The previous three power plants received regulatory authorization last year.

Entergy’s stock jumped 7% on March 27, lifting its market cap to a new record high of about $50 billion. The stock has risen almost 125% in two years.

Entergy is emphasizing that Meta is paying for the projects, rather than shifting the costs to other ratepayers. Entergy argues that the deals will save Louisiana taxpayers billions of dollars over several years.

The 10 power plants are estimated to cost nearly $11 billion. Critics contend ratepayers could be stuck with the bill after 15 years, which is the length of the contractual terms, if Meta no longer requires so much power after that span.

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“This agreement reflects what’s possible when strong partners align around long-term growth and value,” said Phillip May, president and CEO of Entergy Louisiana, in a statement. “Working with our customers, regulators, and state leaders, we are making targeted investments that strengthen reliability, support economic development, and deliver meaningful benefits to customers—all while keeping energy rates affordable.”



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