Aug 28, 2015 in Homeowner . 0 Comment
The Federal Housing Administration has announced its monthly figures, and the numbers are surprising. Buyers are continuing to show increased usage of FHA loan products. Here are some reasons why buyers are suddenly showing more interest in FHA loans.
The FHA has revealed that it endorsed 102,800 loans in May. The announcement marked the second month in a row that FHA loans have surpassed the 100,000 mark. This means that the FHA is on track to beat fiscal its projections. The FHA’s annual actuarial report estimated that it would endorse a total of $124.5 billion in single-family loans in 2015. At the present rate, the FHA can be expected to endorse a total of $190 billion in single-family loans. This represents 50 percent more than what was projected in the audit. This elevated activity is a result of several factors.