have you checked your pulse today?

Home Blog Popular Radio Index Saturday, July 31, 2010 (14:36:20 EDT) Archive

SUBMIT NEWS:

FHA 4Q Originations Up 21%, Foreclosures Up 41%
Share
(148 Views)
FHA 4Q Originations Up 21%, Foreclosures Up 41% February 8, 2010 Lenders originated $86.1 billion in FHA-insured single-family loans in the fourth quarter, up 21% from same quarter in 2008. The Federal Housing Administration reported that 60% or $51.8 billion of the endorsements involved home purchase loans during the final quarter of calendar year 2009. Meanwhile, FHA insurance-in-force grew by 24% during in the calendar year to $752.6 billion as of Dec. 31. But the percentage of singe-family loans 90 days or more past due grew by 34%. FHA ended the year with a 9.12% default rate, up from 6.82% at yearend 2008. Housing officials are raising the FHA upfront mortgage insurance premium 50 basis points to 2.25% this April to cover rising claims and losses. Foreclosures involving FHA-insured loans totaled 20,650 in the fourth quarter, up 41% from the same quarter in 2008. The use of short sales to avoid foreclosure shot up 140% from a year ago to 2,925 in the fourth quarter of 2009.
Read Article Here...

Our Sponsors

Popular on the Pulse

The Largest Street Gang In America (407 Views)

Video: Cops Beat Man After He Finds His Son Dead (263 Views)

Peter Schiff Radio: Million Dollar Money Bomb All Day Marathon - Starts Thursday 9am (201 Views)

H.R. 5741: Universal National Service Act (187 Views)

Only you can help a patriot (182 Views)

Pharmaceuticals contributing to AIDS crisis (169 Views)

BREAKING: �The Armed Citizen� Closes � Site Named in Infringement Suit (146 Views)

Urgent National Online Poll: Who Will You Support In 2012? (146 Views)

Elton John Calls Artists Observing Arizona Boycott 'F*ckwits' (131 Views)

You Will Serve The State H.R. 5741 (131 Views)

Obama's Executive Order: States' coastal jurisdictions subject to United Nations' Law Of Sea Treaty (130 Views)

JACK-BOOTED THUGS TERRORIZING LAW-ABIDING AMERICANS (127 Views)

Mystery trader buys all Europe's cocoa (125 Views)

"We are Ready to Upchuck!" Tea Party, ATL GA (118 Views)

Sen. John Kerry Skips Town on Sails Tax (109 Views)

If we can not Beat them, Infiltrate them! (106 Views)

Hopper explains the world (A Bug's Life) (103 Views)

Modern Political Prisoners in America (102 Views)

Peter's Final Hurrah: $500,000 or Bust (97 Views)

The Southern Avenger - Obama is a Threat to National Security (96 Views)

Tell DC Obamacare doesn't exist in my state!

Liberty Pulse has had 759790 accesses and has served 588084 articles since 2009-09-21 13:11:19. Thank you!