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H-1B visa holders disappear from US housing market

The number of new FHA mortgages granted to non-permanent residents has dropped to near-zero following President Donald Trump’s recent executive orders targeting immigrants, according to new data. In a March 26 letter, the Department of Housing and Urban Development announced that non-permanent residents in the United States, including H-1B visa holders, would no longer be eligible for mortgages insured by the Federal Housing Administration (FHA), effective May 25.The move, the letter said, was i...

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