FHA, distressed sales take larger role in market, report finds …
As many as four out of 10 homebuyers last month relied on FHA financing , according to the report, while the amount of buyers qualifying as first-time buyers reached 51 percent. Distressed home sales are also playing an increasingly …
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FHA, distressed sales take larger role in market, report finds …
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Tags:
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Tags:
department,
FHA,
FHA Financing,
flip-rule,
four-out,
home-sales,
mortgagee letter,
property,
property-purchased,
qualifying-as-first,
reos,
report
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The House Financial Services Committee has proposed letting the FHA underwrite up to $300 billion in loans to borrowers. The last time the federal government stepped so directly into the mortgage business was at the bottom of the Great ...... In this increasingly risky environment, we have focused on companies that can (1) survive financial market upheaval and (2) take advantage of distress sales of assets. Happily, in this increasingly speculative market, large growth ...