For years, Muslims in North America have struggled to find ways to purchase homes while complying with Islamic law, or shariah. The Qur’an prohibits both the collection and payment of…
Tag: fha loans and mortgage insurance
Housing Supply, Career Opportunities, Vendor Services; How the Fed Impacts Rates
It’s Fed decision day today and another 75-basis point rate hike is expected. Mortgage rates have surged to 14-year highs, deterring both buyers and builders, who have begun making the…
Bank of America’s race-based lending program will hurt the people
Bank of America CEO Brian Moynihan is defending a new program offering zero-down-payment home loans in black and Hispanic neighborhoods. Don’t worry, he says, about a rerun of the 2008…