Arab Today, arab today us home loans in 2011 at 16year low
Last Updated : GMT 20:42:19
Arab Today, arab today
Arab Today, arab today

US home loans in 2011 at 16-year low

Arab Today, arab today

Arab Today, arab today US home loans in 2011 at 16-year low

Washington - UPI

The U.S. Federal Reserve said home mortgage activity dropped 10 percent from 2010 to 2011, hitting the lowest home lending level since 1995. The Fed said banks approved 7.1 million mortgages in 2011 and compared with 7.9 million in 2010 and 6.2 million in 1995, 16 years earlier. Using data made available through the Home Mortgage Disclosure Act, the central bank said more than 7,600 home lenders contributed to the data, culminating in a report, \"The Mortgage Market in 2011,\" made available Tuesday. Isolating one month shows the sharp decline in mortgages issued. In June 2006, the peak year on record, nearly 712,000 home purchase loans were originated, the Fed said. In June 2011, on an annual basis only 254,000 mortgage loans were approved. June was also the busiest month for loan approvals in 2011. On an annual basis, mortgage loans in 2011 were down 64 percent from 2006, the report said. Refinancing dropped by 13 percent in 2011 compared with 2010. On a side note, the Fed said the 10 most active home lending firms have not increased their market share by much since 2006. The top 10 lenders accounted for 37 percent of the home lending in 2011 and 35 percent in 2006, the Fed said.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today us home loans in 2011 at 16year low Arab Today, arab today us home loans in 2011 at 16year low

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today us home loans in 2011 at 16year low Arab Today, arab today us home loans in 2011 at 16year low

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today How to do your own Ramadan corner?

GMT 15:53 2017 Saturday ,27 May

How to do your own Ramadan corner?
View News in Arabic - Business: عقارات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday