N.Y. THRIFTS HAD RECORD MORTGAGE LOANS IN 1986
The Federal Home Loan Bank Board of New
York said mortgage loans acquired by member institutions in
1986 rose 54 pct from the prior record made in 1985.
    Fouth-quarter mortgage lending by the 98 New York thrifts
required to report was nearly 75 pct above the lending volume
of the same 1985 period. Mortgage loans acquired - comprising
total mortgage loans closed and mortage loans and
participations purchased - were 5.3 billion dlrs in the fourth
quarter and 15 billion for the year.
    Total mortgages outstanding for New York members were 58.8
billion dlrs on December 31 versus 50.7 billion at end-1985.
 Reuter
