FHA Ends 2009 Fiscal Year With a Bang, Topping $100 Billion in Quarterly Originations for the First Time
October 29, 2009
A record $104.2 billion of home mortgages were endorsed for FHA insurance during the third quarter of 2009, lifting total production for the program to $360.7 billion for the government’s fiscal year – nearly $1 billion a day. That was up 75.5 percent from fiscal 2008, according to the Department of Housing and Urban Development. While FHA mortgages that financed a home purchase rose 68.3 percent from...