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Article: Federal Home Loan Bank of New York reports that mortgage loans acquired by New Jersey member institutions reached a new high of $2 billion for Oct.
- Article from:
- PR Newswire
- Article date:
- December 16, 1986
CopyrightCOPYRIGHT 1986 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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NEW YORK, Dec. 16 /PRNewswire/ -- Mortgage loans acquired by the 141 New Jersey member institutions reached a new high of $2 billion for the month of October -- a 64 percent increase over the previous October record of $1.2 billion set one year ago, the Federal Home Loan Bank of New York announced here today.
Mortgage loans acquired for the first 10 months of 1986 amounted to $16.8 billion, a 74 percent increase over the previous 10-month record tally of $9.6 billion, established just last year. "Mortgage loans acquired" are total mortgage loans closed during the period analyzed, plus mortgage loans and participations purchased.
Total assets grew by ...