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Mortgage demand drops as interest rates rise, economy remains resilient

Housing Wire

4, Federal Housing Administration (FHA) loans decreased by 40 bps and represented 16.2% Department of Veterans Affairs (VA) loans rose by 150 bps to account for 16.9% The average contract interest rate for 30-year fixed-rate loans with conforming balances ($766,550 or less) jumped from 6.14% to 6.36% during the week.

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FHA Loans and Down Payment Assistance: Making Homebuying Affordable

HomeLight

The FHA backing lets lenders offer easier credit terms than non-FHA loans. FHA loans are especially important for first-time buyers. In 2020, only about 10% of all home loans were FHA-backed, according to the agency’s annual report. But more than 80% of those FHA borrowers were first-time homebuyers.

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In acquisition mode, Planet closes a $10B MSR deal  

Housing Wire

billion owned mortgage servicing portfolio, according to Inside Mortgage Finance (IMF) estimates. In early May, the company launched a commercial servicing division led by James DePalma and Janina Woods. Planet was the 29th largest servicer in the country in the first quarter of 2023, with a $68.5 The volume in Q1 2023 was 68.3%

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How to Buy a Multifamily Property in 10 Steps

The Close

It is generally more straightforward and manageable than purchasing a large commercial property. Multifamily mortgage loans typically require 20% of the property price for a down payment, and there are inevitable maintenance and property management costs. However, it’s undeniable that the upfront costs can be pricey.

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6 Best Investment Property Loans for 2025

The Close

An investment property loan is any type of financing you use to buy or refinance a property that generates income, like a rental property (single-family home or a multifamily property) or a commercial property. It stands out from other lending options because of its loan options for rental property owners.

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When borrowers ‘ghost’ their servicers

Housing Wire

To Dana Dillard, principal advisor at Housing Finance Strategies and a 25-year mortgage industry veteran, the ghosting problem happens, among other reasons, because homeowners deny the reality or feel overwhelmed with their debts — especially if they lost a relative or friend due to COVID-19 or are unemployed for a while.

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10 Steps to Your First Small Multifamily Deal

AAOA

They’re usually run by “mom‑and‑pop” owners, so rents sit below market, maintenance is behind, and seller financing is common. Audit Your Finances Spend a weekend gathering bank statements, credit scores, and tax returns. Meet a local lender to confirm what you can borrow with FHA, conventional, or commercial terms.