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The state of the housing market for first-time homebuyers and communities of color

Housing Wire

With low housing inventory and rapid home-price growth, homeownership can seem less and less attainable for several groups of potential homebuyers. HousingWire sat down with Radian CEO Rick Thornberry to learn more about the state of the housing market and how Radian is helping further homeownership.

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Opinion: Reformed FHA program will offer lenders new business opportunities

Housing Wire

Modern manufactured homes are an unusual feature of today’s housing market, the rare homeownership opportunity that is both lower-cost and high-quality. Unlike site-built homes, which are always titled as real estate, over 40% of manufactured housing is titled as personal property (the same way a car is titled).

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Insurance carrier exodus rattles California and Florida housing markets

Housing Wire

I do a lot with new construction and homeowners’ insurance is cheaper on new builds because they are brand new,” Williams said. One of my recent new home buyers got their final quote on a property a 30-minute drive from the coast and it had gone up 40% from a year ago.

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What another strong jobs report means for the mortgage industry

Housing Wire

Job gains were most notable in the health care (+72,000), government (+71,000) and construction (+39,000) sectors. In March, employment continued to trend up in construction, adding 39,000 jobs month over month. million openings one year prior, according to other recent job market data. month over month to $34.69

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May jobs report complicates things for the Fed

Housing Wire

The lion’s share of the job growth in April came from gains in the professional and business services sector (up 64,000 jobs), the leisure and hospitality sector (up 48,000 jobs), the government sector (up 56,000 jobs), and the health care sector (up 52,000 jobs). Residential building construction added 2,400 jobs during the month.

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Mortgage credit, and the coming purchase storm

Housing Wire

2%, and the Conventional MCAI that measures loans not backed by the government fell.3%. The Government MCAI that includes mortgages backed by the Federal Housing Administration , the Veterans Administration and the U.S. 7% while the Jumbo MCAI measuring high-balance loans rose.2%, Department of Agriculture rose.3%, 3%, MBA said.

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Mortgage rates tilt towards 7% as the 10-year treasury yield jumps

Housing Wire

government credit rating downgrade caused mortgage rates to rise this week,” said Sam Khater, Freddie Mac’s chief economist. Construction spending advanced in June, a sign that companies and the government continue investing in real estate and infrastructure projects. The combination of upbeat economic data and the U.S.

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