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Article: Mortgage loans closed reach new third-quarter high; New York thrifts' deposits, assets rise.
- Article from:
- PR Newswire
- Article date:
- December 21, 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 THIRD QUARTER HIGH;
NEW YORK THRIFTS' DEPOSITS, ASSETS RISEHIGH;
NEW YORK, Dec. 21 /PRNewswire/ -- Mortgage loans closed in the third quarter of the year by the 97 reporting New York member institutions reached a new third quarter high of $4.8 billion, the Federal Home Loan Bank of New York announced today.
Mortgage activity for the quarter was 55 percent above the volume of $3.1 billion set in the same quarter of 1986, capping a record lending volume of $12.4 billion for the first nine months of 1987. In comparison, loan volume for the January-September 1986 span was $6.9 billion.
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