First-time homeowners in Texas are falling behind on their mortgages at increasing rates, largely due to rising home insurance costs. That makes them more vulnerable to rising monthly costs, said Erin Dee, the chief operating officer of Interlinc Mortgage Services, a lender based in Houston. Roughly 6% of FHA loans in Texas were seriously delinquent in April,…
First-time homeowners in Texas are falling behind on their mortgages at increasing rates, largely due to rising home insurance costs. That makes them more vulnerable to rising monthly costs, said Erin Dee, the chief operating officer of Interlinc Mortgage Services, a lender based in Houston. Roughly 6% of FHA loans in Texas were seriously delinquent in April,…
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