Volume 3 - Number 12
June 11, 2010
FHA Share of Purchase Market Booms
The FHA program accounted for nearly as much purchase-money lending as Fannie Mae and Freddie Mac combined during the first quarter of 2010, according to a new Inside FHA Lending analysis. FHA’s home-purchase financing totaled $42.9 billion, a few billion short of the $46.4 billion financed by the two government-sponsored enterprises. Purchase-money mortgages accounted for 61.1 percent of FHA originations in the first quarter, down slightly from...
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