FHA Grabs Market Share From Faltering Private MI Industry
February 27, 2009
The dramatic boom in FHA mortgage lending throughout 2008 resulted largely from the deteriorating financial condition of the private mortgage insurance companies who first the first time in decades now see the FHA as a major competitor. The FHA accounted for a record 69.0 percent of new primary mortgage insurance written during the fourth quarter of 2008, the program’s highest market share since...
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