Residential endorsements jumped to the highest level in seven months at the Federal Housing Administration, while commercial real estate activity was the highest in at least four years. Delinquency worsened, however.
FHA insurance was in force on 8,571,759 residential loans for $1.2995 trillion as of Aug. 31, growing from from 8,563,549 loans for $1.2946 trillion a month earlier and 8,460,309 loans for $1.2497 trillion a year earlier.
Most recently, the book of business was comprised of $1.1553 trillion in single-family loans, $0.1433 trillion in home-equity conversion mortgages and $0.9880 trillion in Title I loans.
Source: Mortgage Daily