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FHA Will Change How Student Loan Debt Affects Eligibility

Pro Builder

FHA Will Change How Student Loan Debt Affects Eligibility. 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. Housing Policy + Finance. cbroderick.

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Metnor supply chain debts hit £10m

Construction Enquirer

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. Metnor worked across the UK as a main contractor in sectors including residential, healthcare, student accommodation, hotel, leisure and commercial.

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Younger Generations Are Staying Away From the Housing Market—Here’s Why

Pro Builder

That economic anxiety ultimately trickles down to the housing market as well, where fewer first-time buyers can afford to purchase a waning supply of starter homes. From a shaky economy to student debt, to general inflation and spiking healthcare costs, there's lots to be worried about.

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Rapidly Rising Student Debt Keeps Millions from Homeownership

Pro Builder

Rapidly Rising Student Debt Keeps Millions from Homeownership. 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. Student debt nationwide has reached $1.6

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Lumber Prices Drop as Elevated Mortgage Rates Cool Housing Demand

Pro Builder

Lumber Prices Drop as Elevated Mortgage Rates Cool Housing Demand. Still, a major housing deficit could revamp demand for lumber and other materials as Millennial buyers flood the market and put increased pressure on builders ahead of peak homebuying season. Wed, 04/13/2022 - 10:30. As homebuying becomes less affordable across the U.S.

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Will Expiring Eviction Moratoriums Spur a Housing Crisis?

Pro Builder

Will Expiring Eviction Moratoriums Spur a Housing Crisis? billion in rent debt. But the tens of millions of people potentially caught in a web of home-rental debt and eviction would far exceed the 3.8 Houses are selling at record rates, and home prices have rarely been higher. cbroderick. Wed, 10/28/2020 - 08:54.

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Ilke Homes went under owing £320m

Construction Enquirer

The scale of the modular house builder’s debts can be revealed after the Enquirer saw a statement of proposals issued to creditors by administrator AlixPartners. Sister development company Ilke Homes Land also collapsed owing £14m to subcontractors and suppliers and £21m in inter-company debts.

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