Monthly government-insured mortgage production climbed to the highest level in more than a year and is poised for another increase. Residential delinquency, meanwhile, moved lower.
For the month of August, the Federal Housing Administration endorsed 134,722 residential loans for $27.229 billion, according to a Mortgage Daily analysis of operational data.
It was the strongest month since July 2015, when volume — including single-family loans, home-equity conversion mortgages and Title I loans — was 139,652 units for $27.658 billion.
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From:: Financing