Government, Agency Programs Extend Grip On Mortgage Market During Fourth Quarter
February 19, 2009
Government-insured mortgage lending had its biggest year ever in 2008, as the volume of FHA and VA originations jumped by 150 percent in a steadily declining market. A new market analysis and ranking by Inside Mortgage Finance reveals that FHA and VA lending accounted for 33.6 percent of new originations during the fourth quarter. Although government... [Includes five charts]