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2006
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Private mortgage insurance is a type of insurance that helps protect the mortgage company against losses due to foreclosure. This protection is provided by private mortgage insurance companies and allows mortgage companies to accept lower down payments than would normally be allowed. Borrowers t...
11/01/2006
The homeownership rate inched back up to 69% in the third quarter due mainly to a sizable increase in black homeowners, according to the U.S. Census Bureau. The Census Bureau reported that the nation's homeownership rate rose from 68.7% in the second quarter to 69.0% in the third quarter. The la...
11/01/2006
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