In Fairwood, dreams of black wealth foundered amid the mortgage meltdown
In Fairwood, dreams of black wealth foundered amid the mortgage meltdown
In Fairwood, dreams of black wealth foundered amid the mortgage meltdown
The holiday season is historically slow in the mortgage business, but this time around it was particularly quiet.
The holiday season is historically slow in the mortgage business, but this time around it was particularly quiet.
The holiday season is historically slow in the mortgage business, but this time around it was particularly quiet.
Cutting down-payment requirements and helping owners to build equity faster are just a couple of ways that the mortgage industry is looking to bolster the housing market in 2015.
Closing out a year of surprisingly low mortgage interest rates, the average rate for a conventional 30-year home loan was 3.87% this week, Freddie Mac said, up slightly from 3.83% a week ago.
Average U.S. mortgage rates rose slightly this week, but the benchmark 30-year rate stayed near a 19-month low.
The 30-year fixed-rate average rises for the second week in a row, but ends the year 66 basis points below where it started.
Low interest rates mean that the mortgage interest tax deduction no longer benefits many middle-class homeowners.
Radian Guaranty Inc., the mortgage insurance subsidiary of Radian Group Inc. , announced today that it has entered into a Stock Purchase Agreement to sell 100% of the issued and outstanding shares of Radian Asset Assurance Inc., Radian’s financial guaranty insurance subsidiary, to Assured Guaranty Corp., a subsidiary of Assured Guaranty Ltd.