Buying a home is easier if you're white
Black and Hispanic borrowers who apply for a conventional mortgage are denied twice as often as whites who apply for the same loans, according to Zillow.
Mortgage delinquency rates, foreclosures fall in Iowa City, Cedar Rapids
Foreclosure and mortgage delinquency rates fell in Cedar Rapids and Iowa City in November compared with the same month of 2013, according to CoreLogic of Irvine, Calif. The rate of Cedar Rapids area foreclosures among outstanding mortgage loans was 0.92 percent for November, a decline of 0.69 percent compared with 1.61 percent in November 2013. Foreclosure activity in Cedar Rapids also was lower …
Mortgage approvals drop by fifth in one year as 'sharp chill' shudders through housing market
The number of mortgage approvals for homebuyers slipped by a fifth last month compared with November 2013 as a 'sharp chill' shuddered the housing market.
Mortgage approvals down by a fifth
The number of mortgage approvals made to home buyers slid by a fifth in November compared with the same month last year as a “sharp chill” set into the housing market, banks have reported.