Monthly Federal Housing Administration business inched higher and might accelerate further. Delinquency turned sharply higher, and reverse mortgage production was the slowest it’s been in four years. But commercial mortgage endorsements doubled.
As the first half of this year came to a conclusion, FHA insurance was in force on 8,617,173 residential loans for $1.3300 trillion, according to an analysis of data reported by the Department of Housing and Urban Development.
The residential total was comprised of $1.1835 trillion in single-family loans, $0.1455 trillion in home-equity conversion mortgages and $0.0010 trillion in Title I loans.
Source: Mortgage Daily