Wednesday, September 10, 2008

Opportunities in Stockton,CA

Over the last year, we have seen many reports that Stockton, California is ground zero for the foreclosure mess. I decided to take a look to see if the FHA programs put in place last year have helped Stockton rebound at all.

Take a look at the chart below and click for a larger image.

As you can see from this chart, the FHA loan originations have increased dramatically since the beginning of this year. One lender that seems to be taking advantage of this opportunity is Wells Fargo.

Click on the chart below for a larger image.

Any other guesses on who else is taking advantage of this opportunity of getting homeowners who are struggling into more affordable products?

1 comment:

Anonymous said...

When they stop down payment by non profit scammers, FHA is going down!