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Average long-term U.S., mortgage rate falls to lowest level in 5...

LOS ANGELES (AP) – The average rate on a long-term U.S. home loan is down to the lowest level in five weeks, welcome news for...
THE SHARE OF MORTGAGES in delinquency 30 days or more in Rhode Island and the nation was 2.8% in January, according to CoreLogic Inc. / PBN FILE PHOTO

R.I. mortgage delinquency rate drops to 2.8% in January

PROVIDENCE – The share of mortgages in delinquency 30 days or more in Rhode Island was 2.8% in January, down from 3.2% in the...
Désirée Lim

The ethics of homeownership in an age of inequality

For many Americans today, homeownership is an unattainable dream. In 2022, the average long-term U.S. mortgage rate rose to 7% for the first time in...

U.S. consumer inflation eased to 7.7% over past 12 months

WASHINGTON (AP) – Price increases moderated in the United States last month in the latest sign that the inflation pressures that have gripped the...

R.I. mortgage delinquency rate dips to 3.3% in December

PROVIDENCE – The share of mortgages in delinquency 30 days or more in Rhode Island was 3.3% in December, a decline from 5.6% a...

BankNewport opens Warwick branch

NEWPORT – BankNewport has come to Warwick, commemorating the opening of its newest branch with a ribbon-cutting event on Nov. 30. The new branch at...
BUILDING ANEW: Jessica Kennedy is cofounder and chief operating officer of Beeline Loans Inc., a startup that offers a web platform for potential borrowers to seek mortgage approvals quickly. / PBN PHOTO/MICHAEL SALERNO

Kennedy made a Beeline out of the legal world

Jessica Kennedy has gone from Florida to Boston to Rhode Island and from the workaday rat race to helping others out of the often-blood-boiling...

Five Questions With: Mary E. Noons

Mary E. Noons is executive vice president and chief retail lending officer for The Washington Trust Co. She has more than 25 years of...
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...
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