As they move out, that should push the private securitization market into getting back to it - which is badly needed since it provides the diversification in products America needs!
Thoughts about the residential real estate mortgage industry from a 40+ year insider eyewitness
Friday, November 11, 2011
FHA Market Share Falling
"When financial markets seized up in late 2008, loans insured by the Federal Housing Administration accounted for 24 percent of residential originations. By last year, FHA market share fell to around 20 percent. Full-year 2011 FHA market share is on track to come in at around 16 percent."
This is an interesting news factoid along the lines of my mid-October comments about FHA, and why it needs to get out if the spotlight with high profile production. Other news pieces this week are talking about Fannie and Freddie moving along towards getting closed down! All is great news for the future for our industry.
As they move out, that should push the private securitization market into getting back to it - which is badly needed since it provides the diversification in products America needs!
As they move out, that should push the private securitization market into getting back to it - which is badly needed since it provides the diversification in products America needs!
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