Monthly business dipped slightly at the Federal Housing Administration and is likely to fall further. Residential loan performance, meanwhile, deteriorated.
At the end of last year, FHA insurance was in force on 8,457,200 residential loans with an unpaid principal balance of $1.2573 trillion as of Dec. 31, 2016.
The metrics were according to a Mortgage Daily analysis of monthly operational data reported by the Department of Housing and Urban Development.
Source: Mortgage Daily