Monday, November 8, 2010

FHA Fiscal Year

The Federal Housing Administration (FHA) insured 1.74 million single-family mortgages during fiscal year 2010, which for the federal agency ended in September. The collective value of the loans endorsed was $318.8 billion.

FHA’s loan volume for the year was down 10.3 percent from 2009, and came in below the 1.87 million mortgages it had previously projected would be endorsed in the 2010 fiscal year.