MBA states that the mortgage delinquency rate has fallen to the lowest rate since it started tracking this metric in 1979.
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Category: FHA
Understanding HUD and what it means for residential real estate
Any agent who works with a client who has procured Fannie Mae or Freddie Mac loans is effectively working for a HUD client. It’s essential, then, that agents know how to navigate the paperwork and bureaucracy of a HUD transaction, or know where to get help.
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FHA cuts mortgage insurance premium, touts expected savings for homebuyers
Mortgage insurance premiums on loans backed by the Federal Housing Administration will drop from 0.85% to 0.55% beginning March 20.
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HUD releases first Equity Action Plan
The U.S. Department of Housing and Urban Development has released its first Equity Action Plan, with the goal of narrowing the racial homeownership gap.
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Mortgage applications decline despite drop in interest rates
“Mortgage rates decreased for the first time since August, as concerns about supply-chain bottlenecks, waning consumer confidence, weaker economic growth and rising inflation pushed Treasury yields lower.” — MBA associate vice president of economic and industry forecasting Joel Kan
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