Friday, October 24, 2008

FHA Endorsements Slow in September

After many months of increasing monthly endorsements, things slowed a bit in September. There has been significant growth each month rising from just over 60,000 in January to over 140,000 in August. Take a look at the chart below.


Click on the image for a larger view.



Any guesses on this slowing of activity? Is it a temporary lull or something more sustanined? It is probably to early to tell right now. We will be keeping an eye on this and report again next month.

3 comments:

SteveV said...

FHA can't handle the mortgage transactions. It is capacity slowing down business. This is how Government works. Good intentions yield poor results.

Anonymous said...

September a statistical tie with August.

Heindrick So said...

It's definitely an interesting piece of data. Your right that it is too early to tell, but I'm siding with stevev comments that the FHA is simply having trouble dealing with the increase in mortgage transactions. Not to mention that September was also a crazy financial month for all of us.

By the way, really appreciate the data you've shared. I wrote a bit about it on our www.FHAloanpros.com blog - I also included a link back to your home website for sourcing. Thanks again