FHA lending in February hit the lowest monthly total since late 2008 thanks to a huge decline in purchase-money lending, and unlike the trend at the government-sponsored enterprises, the drop wasn’t offset by an increase in FHA refinances. Lenders originated only $24.4 billion in FHA-insured mortgages in February, down 9.6 percent from the $27.0 billion in January and off 29.3 percent from the $34.5...
Some SWFs in other countries have extensive ownership interests in major corporations and sweep much of their profits into state coffers.
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