Data for November shows applications for the FHA Short Refinance program funded with TARP money continue to under perform. In my earlier post (HERE) I indicated that there were a total of 35 applications for the FHA short refinance program through October.
November saw 40 additional applications and the first actually endorsed loan, so in last 3 months the FHA short refinance total was 75 applications and one endorsement.
The table below shows FY 2010 and latest 3 monthly counts for the FHA Short Refinance program and counts for FHA's earlier HOPE for Homeowners program:
| Applications | Endorsements | |||
| Period | H4H | Short Refinance | H4H | Short Refinance |
| FY 2010 | 340 | 14 | 107 | |
| Sep-10 | 29 | 14 | 11 | |
| Oct-10 | 66 | 21 | 22 | |
| Nov-10 | 88 | 40 | 27 | 1 |
| 3 Months | 183 | 75 | 60 | 1 |
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