Advanced Search

Volume 7 - Number 23

November 7, 2014

Downloads Available: Top USDA Loan Securitizers - 9M14

USDA Loan Guarantees Decline as Refis Slow

The Department of Agriculture’s single-family guaranteed housing loan program ended fiscal 2014 with $19.1 billion in loan guarantees, down from the record $22.4 billion in loan guarantees reported in the prior year, according to agency estimates. Month-over-month, Section 502 loan guarantees were up to $2.1 billion in September over August, ending the quarter on a strong note. 2013 was a record year for loan guarantees under the USDA’s Section 502 loan program, the largest of the agency’s single-family housing program, thanks to robust refinancing activity. Many USDA homeowners took advantage of the lower rates offered under a joint refi pilot program by USDA and Chase Home Finance, the top USDA lender, last year. Chase fully funded the pilot. In 2014, Texas led all states in rural housing guarantees with $927 million, followed by North Carolina ($880 million), Michigan ($720 million) ... [1 chart]

Subscribers to Inside FHA/VA Lending have full access to all its stories and data online. Visitors may become subscribers for full access or may purchase individual articles and data.

Subscriber Log In

If you are a current subscriber or already purchased this article, please login below.

Forgot your password?

Already subscribe but haven't registered for all the benefits of the website?


This biweekly resource helps mortgage executives grow and manage their FHA business.



You can purchase this article for $55.00 without subscribing and always have access to it on

Pay Per View

Please contact Customer Service if you need assistance: 1-800-570-5744


After the November elections, how long will it take for a new Congress and White House to pass GSE reform legislation?

I’m confident a bill will be passed the first year.


2 to 3 years. GSE reform is complicated.


Sadly it won’t happen in a Clinton or Trump first term.


Not in my lifetime.


Housing Pulse