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FHA Will Change How Student Loan Debt Affects Eligibility

Pro Builder

FHA Will Change How Student Loan Debt Affects Eligibility. Mon, 06/28/2021 - 09:41. In order to assist more lower-income homebuyers and close the racial homeownership gap, the Federal Housing Administration (FHA) will change the way it reviews an applicant’s student loan debt. Housing Policy + Finance. cbroderick.

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Metnor supply chain debts hit £10m

Construction Enquirer

during the year to December 31 2021 from a turnover of £62.6m Its sister business M&E contractor Norstead also failed just days after Metnor with an update from administrators expected to be filed at Companies House shortly. Latest results for the company show it made a profit of £1.3m while shareholder funds stood at £4.6m.

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Mortgage Equity Withdrawal Increased Sharply in Q4 2021

Pro Builder

Mortgage Equity Withdrawal Increased Sharply in Q4 2021. Mortgage debt is up $1.05 trillion from the housing bubble peak, but higher mortgage rates in 2022 could change that. In Q4 2021, mortgage debt increased $245 billion, the largest quarterly increase since 2006. Mortgage debt is up $1.05 Financials.

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Rapidly Rising Student Debt Keeps Millions from Homeownership

Pro Builder

Rapidly Rising Student Debt Keeps Millions from Homeownership. Tue, 04/06/2021 - 09:13. Student loan payments are holding many Americans back from becoming homeowners by keeping their debt-to-income ratios high. A 2019 survey by Zillow found 39% of potential buyers said student debt delayed their homebuying plans.

Debt 59
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How Down Payment Loans Affect the Housing Market

Pro Builder

How Down Payment Loans Affect the Housing Market. Fri, 10/15/2021 - 09:43. As financial standards for loans are getting tighter, potential homebuyers are losing out to all-cash offers or higher down payments from other buyers in an ultracompetitive housing market. Housing Markets. New-Home Marketing.

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Millennial Buyers Are Flooding the Housing Market

Pro Builder

Millennial Buyers Are Flooding the Housing Market. Wed, 12/15/2021 - 09:52. According to Realtor.com, millennials were responsible for 67% of first-time home purchase mortgage applications and 37% of repeat-purchase applications in the first eight months of 2021. Housing Markets. Demographics. Demographics.

Housing 96
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Millennials Are Flooding the Housing Market, but Cash-Strapped Boomers Are Standing in Their Way

Pro Builder

Between July 2021 and June 2022, baby boomers made up the largest share of homebuyers for the first time since 2012, purchasing 39% of all homes sold compared with 28% of home purchases by millennials.

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