Serious mortgage delinquency at the Federal Housing Administration was the lowest it’s been in years, though early stage delinquency deteriorated. Endorsements strayed little from the prior period.
FHA insurance was in force on approximately 8.654 million residential-related loans that had a collective unpaid principal balance of $1.2946 trillion as of the end of July.
The total included $1.1501 trillion in insured single-family loans, $0.1435 trillion in home-equity conversion mortgages and another $0.0010 trillion in Title I loans.
Source: Mortgage Daily
