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Home » Store » Government-Insured Lending » More Condo Lending is Flowing Through the Agencies, Strength in First Timers, Purchase

More Condo Lending is Flowing Through the Agencies, Strength in First Timers, Purchase

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Government-Insured Lending

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The volume of new mortgage originations for condominiums and co-operatives was up nicely at Fannie Mae, Freddie Mac and FHA during the second quarter, with particular strength among first-time homebuyers and purchase mortgages, a new analysis by Inside Mortgage Finance has found. The two government-sponsored enterprises securitized $20.69 billion of condo loans during the second quarter, a 27.4 percent increase from the first three months of the year. There was a slightly bigger gain in condo purchase-money loans (up 30.9 percent) than condo refi loans (up 24.1 percent). It was...[Includes one data table]
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