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MBA: Economic growth steady in 2025, but FHA delinquencies rose

The U.S. economy is set to post solid growth even as cracks form beneath the surface for lower-income households and Federal Housing Administration (FHA) borrowers, according to Mortgage Bankers Association (MBA) economists Joel Kan and Marina Walsh during a market update at the association’s annual Servicing Solutions Conference this week.

Kan, MBA’s vice president and deputy chief economist, offered a macro overview of the market and noted that the MBA expects real U.S. economic growth of about 2.5% in 2025.

“That’s still pretty strong,” Kan said, noting that a robust middle of the year is offset by a softer but details ⇒

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