Private MI Production Drops Sharply in Second Quarter as FHA Hits New High
August 14, 2008
The FHA single-family program soared to a record $60.08 billion in new endorsements during the second quarter, according to a new Inside Mortgage Finance analysis of the rapidly changing mortgage insurance business. The rapid growth in FHA lending – up a phenomenal 49 percent from the first quarter – stands in stark contrast to a sharp downturn in new... [Includes three charts]