American Premium Water Corp. (HIPH)

[fanglemeister]

"Of the region's 18,277 pending housing purchases, 52 percent or 9,581 of the contracts are for condos and townhouses, while 48 percent or 8,696 of the contracts are for single-family homes."

*Recall EXPU press release from June '09? The FHA relaxed standards for condo loan backing - as long as the condo building is at least 51% occupied, condo buyers can now get FHA loans in as little as two weeks, with as little as 3.5% down. One year ago, only 2% of condo loans were FHAs, this year it is 20%.

Recall EXPU is one of maybe 4 or 5 FHA-capable loan originators in the North Miami area, set up for one-stop single-family, multi-family, condo, jumbo, and reverse-mortgage FHA-backed loans.