FHA and VA Playing Much Bigger Role than in the Past

September 8, 2009 by Scott Smolen · Leave a Comment
Filed under: ScottSays 

Where FHA backed less than 3 percent of all new mortgages in 2006, its share of the business has ballooned to nearly one-quarter of the mortgage market. In August, mortgages from the FHA and the Veterans Administration (for qualified veterans) backed 40 percent of loans for all home sales.

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  • Scott Says...

    In today's market, communicating with Buyers in the manner that they prefer is key to building success as a Realtor and / or loan officer. This is a great article that hits the nail right on the head from agents in the business. http://rismedia.com/2009-08-26/first-time-home-buyers-dominate-real-estate-market/

    • Ed Says...

      In only two years, the iPhone has dramatically transformed the mobile web. There's a tendency toward touchscreen devices for mobile web browsing; the iPhone has already claimed 50% of mobile web traffic. Google's Android OS was the only other platform gaining with 5%.Sadly, Palm continues its downward spiral. Scott needs something more modern and respectable - a BlackBerry, perhaps. Someone please pick him up off the floor![AdMob via mocoNews.net]