The FHA set a new record for production in the recently completed fiscal year, but volume declines in recent months suggest the program may have passed its peak. FY2009, which ended Sept. 30, saw lenders do $360.3 billion in FHA-insured originations, a 78.6 percent jump from the $201.7 billion in fiscal 2008. The final three months of the fiscal year set a single-quarter record with $104.2 billion in...
The creation of a U.S. sovereign wealth fund could grease the skids for an end to the conservatorships of Fannie Mae and Freddie Mac.
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