Archive for March 9th, 2006

Mortgage Borrowing Drops: Q4 2005

Total mortgage borrowing fell 6.6% during Q4 2005, compared to the previous quarter, according to Federal Reserve flow of funds table F217. Mortgage borrowing by households fell even more, down 11.7% compared to Q3 2005. Two-thirds of mortgage financing came from agencies (e.g., Fannie Mae) and issuers of asset-backed securities. The rapid withdrawal of borrowers from the home […]

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