mortgages: Record month for FHA loans
- 07/27/09 11:11 AM
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)
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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More FHA loans were originated in June than ever before.
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