FHA modifying their strategy

The FHA made a recent announcement that it intends to modify their stance on lending in real estate market, likely due to improved market health. The FHA is reassessing “upper limits” on mortgages for areas with high priced homes. Approximately 650 counties in the U.S. will see this this change. The previous maximum upper limit

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Mortgage Debt Rises to $2.45 Trillion in Q2 of 2013

  Outstanding commercial/multi-family mortgage debt rose by an estimated $24.5 billion indicating a one percent chance in the second quarter of 2013.  The outstanding commercial/multifamily mortgage debt figure of  $2.45 trillion seen in Q2 comes in at $24.5 billion higher than the Q1 2013 figure.  Outstanding multifamily mortgage debt reached $875 billion, a 1.3 percent

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