Who got an FHA Home Loan in 2011

WHO GOT AN FHA HOME LOAN IN 2011? FHA SINGLE -FAMILY OUTLOOK IN THE 2011 FISCAL YEAR, FHA ENDORSED 1,271,211 MORTGAGES OF THESE TOTAL ENDORSEMENTS, 33.1% WERE REFINANCE LOANS REFINANCE LOAN BREAKDOWN 53.5% PRIOR FHA 2.2% CONVENTIONAL TO FHA 14.7% CASH OUT 61.2% WERE PURCHASE LOANS PURCHASE LOAN BREAKDOWN 75% OF THOSE WHO TOOK OUT PURCHASE LOANS WERE 1ST TIME HOMEBUYERS THAT'S 585,091 61% WERE NON-MINORITY LOANS! AND 32% WERE MINORITY PURCHASE & REFINANCE COMBINED FHA 203(K) LOANS MADE UP 1.7% OF ENDORSEMENTS FHA ARM LOANS MADE UP 4% AND 5.7% WERE HECMS (HOME EQUITY CONVERSION MORTGAGES) HECM (REVERSE MORTGAGE) BREAKDOWN 89.0% HECM STANDARD TRADITIONAL 2.1% HECM STANDARD PURCHASE 3.7% HECM STANDARD REFINANCE 5.2% HECM SAVER TOTAL BY THE NUMBERS FHA LOANS: AVERAGE LTV AND CREDIT SCORE CREDIT LAST QUARTER OF 2011 LTV SCORE HOME PURCHASE 95.9% 698 REFINANCE PRIOR FHA 87.5% 698 CONVENTIONAL TO FHA 85.3% 695 SOURCES: U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT EHA SINGLE-FAMILY OUTLOOK: FISCAL YEAR COMPARISONS FHA SINGLE-FAMILY MUTUAL MORTGAGE INSURANCE FUND PROGRAMS: QUARTERLY REPORT TO CONGRESS knewamerican FUNDI NG We put the I can in American