Black consumers still left behind in mortgage market

For 2013, the most up-to-date report, the data clearly reveals that while conventional mortgage originations rose slightly from 2012 to 2013, nationwide Black consumers received only 2.3 percent or 36,903 loans. In 2012, the same data point was even smaller, with only 26,500 such loans. To add some context to this low number of private,…

Shelby County Mortgage Activity Flat in Third Quarter

The third quarter was a pretty quiet period for mortgage brokers, based on activity during the period and a comparison to what was happening at this time last year. Banks and mortgage lenders made 2,513 purchase mortgages in Shelby County during the third quarter, statistically flat compared to the 2,522 mortgages during the third quarter…

President Obama’s Credit Card Was Declined

President Obama has many impersonators. So you can’t blame his credit card company for being a bit skittish about identity theft. While signing an executive order on Friday mandating chip-and-pin technology on all federal government credit and debit cards, the president revealed that his card was declined at a restaurant in New York City last…

The basics of Sharia finance explained

As the Sharia prohibits dealing with interest, the products that you see in Islamic banks are generally based on one of the following concepts: Profit Sharing  – These are profit sharing arrangements in which the financier and the receiver of funds will share the profits and loss borne from the partnership. An example is a…

10Best: Ways to improve your credit score

Credit scores influence nearly all things financial in your life. Banks, credit card companies and others use credit scores in deciding whether to give you a loan, how much money you can borrow and how much interest to charge you. Heres some advice for improving your credit score: 1. Get copies of your credit reports…

Charlottesville City Services Fair set for tomorrow

Valley Nissan of Staunton Valley Nissan, previously Staunton Nissan located in the Shenandoah Valley. We have been serving drivers in Staunton, VA, Harrisonburg, VA and Charlottesville, VA for years. Virginia and West Virginia drivers come to us for quality, affordable vehicles along with some of the best financing plans in VA. Contact us now to…