Monthly endorsements increased at the Federal Housing Administration and are poised for a further rise. Delinquency, meanwhile, moved lower.

In January, FHA endorsed 119,126 residential loans for $24.412 billion, according to an analysis of Department of Housing and Urban Development data.

The total included $22.992 billion in single-family loans, $1.415 billion in home-equity conversion mortgages and $0.005 billion in Title I loans.

Source: Mortgage Daily