Posts Tagged: home loans

Below 3%

Posted by & filed under Accounting Information Systems, Accounting Principles, All Articles, Auditing, Financial Accounting, Managerial Accounting, Uncategorized.

According to the Washington Post, mortgage rates were above 3 percent but only for a week before they slid back below that level. Questions: What is the 30-year fixed average percentage on a 30-year mortgage? What are points on a mortgage? What is Freddie Mac? How many lenders across the country are aggregated to come… Read more »

What’s Redlining?

Posted by & filed under Accounting Information Systems, Accounting Principles, Advanced Accounting, All Articles, Auditing, Behavioral and Social Issues Related to Accounting, Cost Accounting, Ethical Dilemma, Financial Accounting, Income Taxes, Intermediate Accounting, Managerial Accounting, Uncategorized.

According to the Washington Post, there is a legacy of systemic racism that our government created and in many ways still isn’t doing enough to eradicate. Questions Based on the article, how would you briefly explain redlining? By what percentage are equivalent Black homes in neighborhoods similar to white neighborhoods undervalued? What is the key… Read more »