Through July 31 , 2008, the FHA had insured 20,222 FHASecure loans in Pennsylvania, New Jersey, and Delaware totaling $4,299,472,542 in the not quite 11 months since the President announced the program.
In 2005 and 2006 combined, the FHA refinanced only 7,454 non-FHA mortgages in the tri-state area.