Over the past three years, demand for home loans from the Federal Housing Administration has roughly doubled--a reflection of tighter lending standards among banks amid rising mortgage rates, which currently sit above 7%, and intensifying affordability issues. First-time buyers are turning to ... READ MORE >
FHA
FHA mortgage delinquencies show some homeowners in trouble
Federal Housing Administration mortgage delinquencies hit an all-time, four-decade high, according to data released on Monday, a sign that disadvantaged homebuyers are clearly struggling in the pandemic-impacted economy. The share of FHA mortgage delinquencies rose to almost 16% in the second quarter, ... READ MORE >