In down economy, owning a vacation home may be more business than pleasure

Tina Lambert and her husband wanted an investment that would help them pay for their kids’ college tuition someday. When he insisted on paying $49,000 for a condominium in Ocean City in 1997, she worried. But by the middle of this decade, when housing markets were in full boom, the condo’s value ..

Essent Raises $100 Million in Additional Capital; Company Issues First Mortgage Insurance Policies

Essent Guaranty, Inc., a mortgage insurer founded to provide private capital to America’s housing finance system, announced that its parent company, Essent Group Ltd., has secured an additional $100 million in capital commitments from new and current investors.