Debut: FHA Oregon Current Snapshot Report--Refinances Up 347%.

UPDATE: Correction to Refinance Totals, Addition of Sept/Oct 07 Columns
In looking closely at the refinance totals I realized that data was missing for Sept/Oct 2007 for refinances only. I have added those columns, so the total for refinances for last 12 months has increased to 2,755. I have changed text below accordingly from previous "more than 2,200" to "more than 2,700". All other data and comparisons stay the same and the linked PDF document has been changed. My apologies for the error.

Today is the debut of a new 2 page FHA monthly Oregon snapshot report that shows, for each of the most recent 12 months, the number of FHA loans endorsed by Oregon county. (Somewhat embarrassing self promotion--I believe that the Oregon Housing Blog is one of the few blogs, if not the only blog in the country, where you are able to find county level current FHA loan activity levels within a state).

• The first page of the PDF file is a count of all FHA loan types, except HECM loans.
• The second page is a count of only FHA refinance loans. Many, but not all of these refinance loans are refinances from conventional to FHA loans--also called FHA Secure loans according to HUD.

The current report covers April of 2007-March 2008. It shows that more than 4,900 total FHA loans were made during that period, with more than 2,700 of those loan being refinance loans. The most recent month total for refinances was 528, up from 118 in April of 2007--a 347% increase.

Permanent Links to the Most Recent Current Report

• I anticipate updating this report around the middle of each month, with the next update in June. You can always find the most recent 12 months information available with the permanent link HERE.
• That same link has also been added to the pane in the right of the blog--look for the link FHA Oregon Current Snapshot Report