Federally insured home loans keep growing

The government’s role in the housing market continues to expand. Here’s the latest from National Mortgage News: The Federal Housing Administration insured $27.3 billion in single-family mortgages in April — up 8% from the previous month due to higher mortgage purchase volume. Mortgage purchase volume rose $1.6 billion to $11.7 billion, while refinancings crept up by $350 million to $15.6 billion, according to an FHA monthly activity report. … Meanwhile, FHA servicers ramped up their loss mi

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