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FHA borrowers are getting hammered by rising rates

Housing Wire

Over 80% percent of FHA purchasers are first-time homebuyers, and borrowers of color obtained over 40% of FHA loans last year, according to HUD. The FHA also insured more than twice as many loans to Black and Hispanic borrowers last year as the rest of the mortgage market combined. 5%,” said Chappelle.

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How loan originators survived a cutthroat mortgage business in 2023

Housing Wire

LOs had to fight an uphill battle of targeting the purchase market in an environment with a rate ‘lock-in’ effect, go after first-time homebuyers and offer customized solutions to bring down monthly mortgage payments. They are staying busy relative to the market,” said Michael Ullmann, producing branch leader at Movement Mortgage.

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The impact of student loans on buying a home

Housing Wire

If you’re considering buying a home but worry that student debt will prevent you from securing a mortgage, you’ll need to be strategic about your approach to increase the probability of your application getting approved. A higher credit score is generally associated with high reliability, improving your chances of a mortgage approval.

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Mortgage Rates Drop to 2-Week Low for Week Ending March 27, 2025

Marco Santarelli

If you've been eyeing the housing market, there's a bit of good news: mortgage rates have dipped to a 2-week low. According to Freddie Mac, the average rate on a 30-year fixed home loan fell to 6.65% for the week ending March 27, 2025. In this case, the drop comes despite the stock market's upward momentum and a rise in the U.S.

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7 Things Sellers Need to Know About FHA Loans When Fielding Offers

HomeLight

You’ve just received the first offer on your home — and it’s backed by an FHA loan. So what do you need to know about FHA loans as a seller? Today, FHA loans represent a fair share of the mortgage market; in 2018, the FHA insured 12.1% FHA loans help make homeownership more accessible.

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Help for troubled borrowers is on the way. But will it come soon enough?

Housing Wire

The four-bed property was perfect for the pre-Covid reality, but it is challenging to afford right now. A component of the American Rescue Plan Act, it was approved by Congress in March. Department of the Treasury approval. Each state must also submit its own HAF plans to the Treasury for approval.

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After mortgage lenders shut down, what’s next for loan originators?

Housing Wire

billion in loan production in 2022, saw potential to expand in local markets by scooping up LOs that could bring over their network of local clients. Morgan , launched in September 2022, enables the lender to convert pre-approved, property-specific home loans into tradable non-fungible tokens (NFTs).

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