There was little change in monthly residential business at the Federal Housing Administration, though refinance activity is poised for an increase. But commercial real estate activity soared.
At the midpoint of this year, FHA insurance was in force on 8,552,967 residential loans for $1.2901 trillion, according to an analysis of data reported by the Department of Housing and Urban Development.
The total included $1.1455 trillion in single-family loans, $0.1436 trillion in home-equity conversion mortgages and $0.0010 trillion in Title I loans.
Source: Mortgage Daily