Residential production at the Federal Housing Administration was the lowest its been in three years. An improvement was reported for single-family delinquency.
FHA had insurance in force on 8,616,030 residential loans for $1.3203 trillion as of Feb. 28, according to an analysis of monthly operational data.
The book of business included $1.1714 trillion in single-family loans, $0.1480 trillion in home-equity conversion mortgages and $0.0010 trillion in Title I loans.
Source: Mortgage Daily