Morning Minute: FHA loans gaining favor with more homebuyers


The number of consumers using Federal Housing Administration (FHA) loans to buy a home was on the rise this spring. RealtyTrac’s June and Midyear 2015 U.S. Home Sales Report found that FHA buyers made up 23 percent of homebuyers in the second quarter of this year and marked a two-year high. REALTOR® Magazine has more on the trend at, “More Buyers Take Advantage of FHA Loans.”

In other headlines:

New home sales at seven-month low; manufacturing stabilizes – Reuters

Fannie Mae: First half of 2015 paves way for stronger year – HousingWire

Mitsubishi mulls shuttering downstate Illinois plant – Crain’s Chicago Business

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