Gov’t Insures 35.9% Of Mortgages

10 Jul 2009

The federal government insured 35.9% of all mortgages in June, the highest level since November 1990, according to the Mortgage Bankers Association.

The federal government insured 35.9% of all mortgages in June, the highest level since November 1990, according to the Mortgage Bankers Association. The high percentage is attributed to the fact that government loans require smaller down payments. The June figure is a dramatic uptick from the previous month, ...

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