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Article: Mortgage loans closed reach new second-quarter high: New York thrifts' deposits, assets rise.
- Article from:
- PR Newswire
- Article date:
- September 29, 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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MORTGAGE LOANS CLOSED REACH NEW SECOND-QUARTER HIGH;
NEW YORK THRIFTS' DEPOSITS, ASSETS RISEIGH;
NEW YORK, Sept. 28 /PRNewswire/ -- Mortgage loans closed in the second quarter of the year by the 98 reporting New York member institutions reached a new second-quarter high of $4.4 billion, the Federal Home Loan Bank of New York announced today.
Mortgage activity for the quarter was double the volume of $2 billion set in the same quarter of 1986, capping a record lending volume of $7.6 billion for the first half of this year. At the mid- point of 1986, volume reached $3.9 billion.
"Mortgage loan demand was very strong in ...