Conventional Financing Gains Ground
In another sign of the increasing health of the housing market, the share of mortgage financing made through conventional loans continues to expand. In 2011, at a low point, the share of conventional financing was 62% while preliminary estimates for 2014 indicate that that figure has climbed to 72%. At its recent peak in 2006/2007, conventional financing accounted for approximately 90% of all mortgages.
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Building Activity Steps Up in the OC
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