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October 23, 2014

High Premiums Come Back to Haunt FHA: Purchase-Market Share Falls to Five-Year Low

By Brandon Ivey

The chickens come home to roost: from 2008 through 2013, HUD increased the FHA’s annual mortgage insurance premium five times.

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With the spring homebuying season in full swing, what percentage of your March 2017 application volume has been for “purchase” loans?

75% or higher
50% to 74%
30% to 49%
Under 30%

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