Friday, November 14, 2008

LA FHA Purchase Market Continues To Grow

The changes in legislation impacting the FHA marketplace has created new geographic markets for FHA products. This is particularly true in high cost areas like Los Angeles. The chart below shows the monthly FHA Purchase Originations from January 2003 through September 2008.

Click on the image for a larger view.

Can the FHA bureaucracy keep up with this increased demand?

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