FHA Share of Home Purchase Market Slips Even Before Mortgage Changes Take Effect
February 18, 2010
While it will be months before FHA’s new annual fee hike or tougher credit score requirements take effect, the housing agency already is seeing a drop in activity in its most popular sector – the home purchase market. According to the latest Campbell/Inside Mortgage Finance Monthly Survey of Real Estate Market Conditions, FHA’s share of home purchases fell to 31.5 percent... [Includes one chart]