Mortgage insurers rallied Friday on an Obama administration plan to expand a multibillion dollar mortgage-modification program to help jobless homeowners. Shares of PMI Group Inc. rose 8.6% to $4.53, Radian Group shares grew 9% to $14.27, MGIC Investment Corp. shares increased 6.8% to $9.53, and Genworth Financial Inc. shares advanced 3.6% to $17.49 in recent trading.

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Here's where the real housing affordability crisis exists

Some housing pundits report the demand for housing is strong, while these same pundits, on another day say that we are in a housing affordability crisis. Can the two narratives be accurate at the same time?

Feb 17, 2020 By
3d rendering of a row of luxury townhouses along a street

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