Real estate blog entries tagged with conventional by Dan Magstadt (Main Street Financial)

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Home : Blogs : Dan Magstadt : Dan Magstadt's Mortgage Blog : Tag "conventional"

conventional: Record month for FHA loans - 07/27/09 06:11 PM

More FHA loans were originated in June than ever before.
FHA guaranteed almost 186,000 mortgages in June, a monthly record for the agency in its 75-year history. The total number of FHA loans originated last month surpasses the previous record of 157,000 set last October. Having never crossed the $40 billion threshold in a month’s span, the mortgage association issued $43.5 billion in mortgage-backed securities in June.
Currently nearly 36% of all mortgage applications are FHA loans and are guaranteed by Ginnie Mae, a government backed agency.
With conventional loans becoming ever more difficult to obtain (They now require a 720 … (2 comments)

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Dan Magstadt

Lake City, FL

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Address: 496 SW Ring Court, Lake City, FL, 32025

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Mortgage blog written by Dan Magstadt to help give some insight into the mortgage market as well as let everyone know what's going on at Meridian Financial & my personal life!
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