FHA loan

Latest Posts

FHA Insures 194,000 Mortgages in June 

Jul 22, 2009By

[Update 1: Clarifies record month] The Federal Housing Administration (FHA) insured more than 194,000 mortgages in June, a new monthly record for endorsements in the administration’s 75-year history. The FHA insures servicers against default-related losses on qualifying mortgages. Nearly 89,000 of those insured mortgages in June were for new purchases. In addition, approximately 97,000 were for refinanced mortgages. The remaining more than 8,600 endorsements were for reverse mortgages. The record-setting month trumps the previous record from March 1994.

What's New?
Updated 2 months ago
manage feed