• West Palm Beach Mortgage Lender – Christian Penner – Mortgage Broker West Palm Beach – 561-316-6800
  • West Palm Beach Mortgage Lender – Christian Penner – Mortgage Broker West Palm Beach – 561-316-6800
  • West Palm Beach Mortgage Lender – Christian Penner – Mortgage Broker West Palm Beach – 561-316-6800
  • West Palm Beach Mortgage Lender – Christian Penner – Mortgage Broker West Palm Beach – 561-316-6800
  • West Palm Beach Mortgage Lender – Christian Penner – Mortgage Broker West Palm Beach – 561-316-6800

How the Budget Sequester Directly Impacts the FHA

As the political showdown over the United States budget deficit continues with the early days of the sequestration, government agencies are beginning to asses the impact of the sudden spending cuts. The Department of Housing and Urban Development (HUD) is one of such entities, and the overall impact from the sequester could negatively affect the Federal Housing Administration (FHA) and contract the housing market recovery by about two percent. According to

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Mortgage Bankers Profits Increase to Nearly $2,500 Per Loan in Q3

Independent mortgage banks and mortgage subsidiaries of chartered banks made an average profit of $2,465 on each loan they originated in the third quarter of 2012, up from $2,152 per loan in the second quarter, as reported by the Mortgage Bankers Association (MBA). Seventy percent of the 311 companies that reported production data for the third quarter report were independent mortgage companies. “Both purchase volume and refinancing volume increased in the third

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Christian Penner , - - - - - North Palm Beach , FL 33408 United States
Phone: (561) 316-6800 Email: TheMortgageTeam@ChristianPenner.com
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