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Article: Federal Home Loan Bank says mortgage loans acquired by 123 New York member institutions reached monthly high in December.
- Article from:
- PR Newswire
- Article date:
- February 19, 1987
CopyrightCOPYRIGHT 1987 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, Feb. 19 /PRNewswire/ -- Mortgage loans acquired by the 123 New York member institutions reached a monthly high of $3.2 billion in December.
This volume is double the previous December record of $1.6 billion set just one year ago, the Federal Home Loan Bank of New York announced here today.
Mortgage loans acquired for 1986 amounted to $20.9 billion, a 71 percent increase over the previous 12-month record of $12.2 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 $1.3 billion in December, equalling ...