Monthly residential Federal Housing Administration business was little changed, as was its book of business. But deterioration was reported in the rate of single-family delinquency.
An analysis of data reported by the Department of Housing and Urban Development indicates insurance was in force on 8,456,057 residential loans for $1.2551 trillion as of Nov. 30, 2016.
FHA’s book consisted of $1.1103 trillion in single-family units, $0.1438 trillion in home-equity conversion mortgages and 39,119 Title I loans with an unpaid principal balance of $0.0010 trillion.
Source: Mortgage Daily
