I recently completed an analysis that showed that the total number of FHA loans in Oregon in CY 2011 was down 32% from the records set in CY 2010.
The decline for home purchase loans was less, at 25%. This means that the share of all FHA loans that were for home purchases increased to 61% from the 55% in CY 2011.
Even with the volume decrease there were 13,659 FHA loans insured in Oregon in CY 2011, representing a commitment of $2.369 Billion.
The decline for home purchase loans was less, at 25%. This means that the share of all FHA loans that were for home purchases increased to 61% from the 55% in CY 2011.
Even with the volume decrease there were 13,659 FHA loans insured in Oregon in CY 2011, representing a commitment of $2.369 Billion.
In addition to the drop in loan volume the average FHA insured loan amount decreased by 5.7%, from $209,412 to $197,558.
My statewide CY 2010-CY 2011 summary and county level CY 2011 data is available in the PDF file I created HERE.
No comments:
Post a Comment