FHA Production Volume Keeps Streaking To New Record Levels in Third Quarter
September 25, 2008
A new Inside Mortgage Finance analysis of FHA data suggests that the venerable government-insurance program is still being revved at a record pace during the third quarter in an otherwise despondent mortgage market. Over 97,000 mortgage loans were endorsed by FHA lenders during August, up more than 10 percent from the record 87,246 FHA loans put on the books in July, according to our estimates. FHA officials say the program was running at an annual…