Mortgage loan, exploring the topic
The National Association of Home Builders, for example, is pushing for increased tax credits and a reduction in mortgage rates for consumers buying a home in 2009. Home building is just one industry expecting a slow 2009. The largest mortgage insurer in the country, MGIC Investment Corp. , predicted that it would continue to be unprofitable in 2009. Mortgage foreclosures are anticipated to go up even more, which will reduce the bottom line of mortgage insurers who back those mortgages.