FHA borrowers are getting hammered by rising rates
Housing Wire
APRIL 4, 2022
Over 80% percent of FHA purchasers are first-time homebuyers, and borrowers of color obtained over 40% of FHA loans last year, according to HUD. The FHA also insured more than twice as many loans to Black and Hispanic borrowers last year as the rest of the mortgage market combined. 5%,” said Chappelle.
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