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While buying a house with a 20% down payment used to be the gold standard, that’s not necessarily the case anymore.
WASHINGTON • Up and down the US coastline, rising seas and climate change are transforming a fixture of American home ownership that dates back generations: the classic 30-year mortgage.. Read more
As mortgage rates hit record lows, Americans are getting back in the housing market. But not everyone will be able to profit from low rates.
Conventional mortgages have survived many financial crises, but they may not survive the climate crisis.
WASHINGTON (NYTIMES)- Up and down the coastline, rising seas and climate change are transforming a fixture of American home ownership that dates back generations: the classic 30-year mortgage.. Read m

Coronavirus news from the Bay Area: June 16-17

06:35pm, Saturday, 20'th Jun 2020
The Chronicle began covering the coronavirus crisis before the first cases were reported in the Bay Area and a pandemic was declared. We reorganized the newsroom to dedicate nearly every resource to s
Racist redlining practices still exacerbate inequality across the United States, costing homeowners in affected areas hundreds of thousands in home equity, according to a study by the real estate firm
Guest columnist John Habat, president and CEO of Greater Cleveland Habitat for Humanity, offers a brief history of his organization and its model for racial and economic inclusion through homeownershi

What Is A Mortgage?

09:32pm, Friday, 19'th Jun 2020
A mortgage is a type of loan that is secured by real estate. When you get a mortgage, your lender takes a lien against your property, meaning that they can take the property if you default on your loa
WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--PennyMac Mortgage Investment Trust (NYSE: PMT) announced today that its Board of Trustees declared a cash dividend of $0.40 per common share of beneficial in
(Reuters Breakingviews) - Around the time the United States formally abolished slavery in 1865, African Americans owned 0.5% of the United States’ wealth. Today they own under 3%, even though around
Homebuyers are increasingly using mortgages that make it easier for them to stop making their monthly payments and walk away from the loan if the home...

How to boost Black homeownership rates

06:37pm, Thursday, 18'th Jun 2020
Zero-down mortgages, loan guarantees and approvals based on disposable cash could help African Americans build wealth.
At least 70% of homeowners are protected from eviction through August, as the government seeks to shield workers impacted by the COVID-19 pandemic.
These old-school rules could hurt you financially.
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