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THE RATE of underwater mortgages in Rhode Island in the first quarter of 2020, which stood at 3.9%, was determined to be "moderate" in a report from CoreLogic released Thursday. / COURTESY CORELOGIC

R.I. had 3.9% share of ‘underwater’ mortgages in Q1

PROVIDENCE – The share of Rhode Island homes with negative equity fell to 3.9% in the first quarter, a decline from 6.1% in the...
NO STING: Beeline Loans Inc. co-owners Nicholas Liuzza, CEO, and Jessica Kennedy, general counselor, aim to simplify the home mortgage process by allowing people to complete it online. / PBN PHOTO/MICHAEL SALERNO

Beeline Loans trying to make mortgages process simpler

Getting a home mortgage shouldn’t be painful. That’s the premise of a new mortgage company, Beeline Loans Inc., which recently opened in Providence. Launched in February...

Fed measures COVID-19 impact on housing payments in region, R.I.

PROVIDENCE – A new report from the Federal Reserve Bank of Boston found that without the intervention of the Coronavirus Aid, Relief, and Economic...

Survey: 31% of respondents missed housing payments in May

PROVIDENCE – Nearly one-third of Americans responding to a survey missed their rent or mortgage payments in May, according to data released by Apartment...
LIMITED EFFECT: Stephen Tetzner, vice president of Homestar Mortgage Inc. in Providence, says increased limits on conforming home loans, which feature lowered interest rates and more flexible credit score requirements, will do little to help the high-end market. / PBN PHOTO/MICHAEL SALERNO

Higher conforming loan limits will have varied impact on R.I. housing...

Rhode Island homebuyers are already taking advantage of increased limits on mortgages insured by the Federal Housing Administration and those acquired by Fannie Mae...
MORE AFFORDABILITY: Rhode Island Association of Realtors President Shannon Buss, bracketed by books that have been key to her real estate career, says three consecutive interest-rate cuts by the Fed haven’t led to new homebuyers entering the market, but they have helped buyers who are already looking to afford more in a house. / PBN PHOTO/MICHAEL SALERNO

Three Fed rate cuts in 2019 spur more home-loan activity

Three interest-rate cuts this year by the Federal Reserve have encouraged homeowners to seek out refinancing of existing mortgages and created a robust market...

Spare no expense

Have your company’s expenses increased substantially from year to year? Yes: 55.6% No: 44.4% Besides payroll, what is your company’s largest expense year to year? (Select multiple) New...
AN ANALYSIS BY personal finance website GOBankingRates found Woonsocket, home to the Stadium Theatre, is a better alternative to Providence for homebuyers who want to see the value of their homes improve more quickly. / COURTESY STADIUM THEATRE PERFORMING ARTS CENTRE/JORDAN W. HARRIS

Analysis: Woonsocket better home-value buy than Providence

WOONSOCKET – A national website that evaluated communities within 15 expensive metro areas found Woonsocket was a good buy. The analysis by personal finance website...

St. Anne’s Hires Rose Cortes as Mortgage Loan Officer

FALL RIVER, MASSACHUSETTS, July 23, 2019…Eileen M. Danahey, President & Chief Executive Officer (CEO) of St. Anne’s Credit Union, along with its Board of...

St. Anne’s Hires Charles Coelho as Mortgage Loan Officer

FALL RIVER, MASSACHUSETTS, August 2, 2019…Eileen M. Danahey, President & Chief Executive Officer (CEO) of St. Anne’s Credit Union, along with its Board of...

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