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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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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.

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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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Home Affordability Report Shows Increased Pressure for Affordable Housing

Pro Builder

Home Affordability Report Shows Increased Pressure for Affordable Housing. Housing affordability continues to be a hot topic, as demand for homes outpaces supply and wage growth fails to keep pace with home-price appreciation . Unmet demand for housing continues to drive home prices higher, as median sales prices on homes in the U.S.

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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.

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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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