1 in 3 Mortgage Applications Denied in 2008

The Federal Reserve announced that 32% of loan applications were denied last year, and applications on the whole were down by a third from 2007.

1 minute read

October 1, 2009, 2:00 PM PDT

By Tim Halbur


"The report highlights massive changes in the lending industry after the housing market bust. Overall loan applications were down by a third from a year earlier, and were half the level in 2006.

Loans backed by the Federal Housing Administration soared to 21 percent of all loans made last year from less than 5 percent in both 2005 and 2006."

Thursday, October 1, 2009 in Builder Magazine

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I love the variety of courses, many practical, and all richly illustrated. They have inspired many ideas that I've applied in practice, and in my own teaching.

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