A preliminary count of FHA single-family originations in September shows a 30% drop in endorsements from the prior month.
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Federal Housing Administration lenders originated 68,500 single-family loans in September, according to the Obama administration’s Housing Scorecard that was released Friday. Purchase mortgage transactions comprised 72% of September FHA loan production.
Friday’s report shows purchase mortgage transactions comprised 49,500 of originations and 38,500 involved first-time homebuyers.
FHA lenders originated 97,700 loans, according to the
