New IMF-Sponsored Study Highlights Why FHA Mortgage Activity Has Soared in 2008
July 24, 2008
The single-family FHA mortgage program, which all but vanished in the boom times of subprime and Alt A lending, is experiencing a huge surge in popularity in 2008. In fact, FHA lending was the fastest growing sector of the mortgage market in the second quarter of this year, according to new numbers compiled by Inside Mortgage Finance.A detailed explanation of why FHA volume is... [Includes one chart]