Dre's Weekly Market Report

Andre discusses the FHA changes for covid related employment gaps.

FHA Will Ignore COVID-Era Employment Lapse

By Kerry Smith

By Sept. 5, lenders must update guidelines to make it easier for salaried/hourly workers and self-employed people to qualify for a loan if they lost work during the pandemic.

WASHINGTON – On Thursday, the Federal Housing Administration (FHA) announced new flexibility for lenders when qualifying borrowers for an FHA loan, specifically those applicants who had previous employment gaps or a loss of income due to the COVID-19 pandemic.

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The CPI Inflation Rate Sizzles In June; Dow Jones Falls

By JED GRAHAM

The consumer price index came in hotter than expected in June, as the CPI inflation rate eclipsed May's 40-year peak. Following the CPI report, the Dow Jones industrial average and other major indexes opened sharply lower, but pared losses amid expectations for further aggressive Federal Reserve tightening.

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Looking for the hardest working agent in Central Florida?

I am always available

Andre Berry

Homexpo Realty Inc.

(407) 458-3199

AndreSellsFL.com

Thank you for your time today

I look forward to working with you now or in the future

Andre Berry

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