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…
Tag: high priced mortgage loans and escrow
Islamic finance provides an alternative to debt-based systems
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…