AHFC lending reported on the rise

Posted: Monday, January 08, 2001

ANCHORAGE (AP) -- The Alaska Housing Finance Corp. financed 429 single-family loans in November, about a third more than a year earlier, the state lending agency said.

Its November delinquency rate on homes it has funded was 2.82 percent, down from 2.95 percent a year earlier but up from 2.18 percent in October, the agency said.

Among its mobile home loans, the delinquency rate in November was 7.39 percent, down from 9.19 percent a year earlier but up from 7.02 percent in October, Alaska Housing said.

The agency said it held one single-family/duplex home in foreclosure during November, compared with four single-family/duplex homes a year earlier.

In all, the agency said it had 29,462 active loans in November, up from 27,410 a year earlier.

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