For each of the past three months, residential delinquency has deteriorated at the Federal Housing Administration. But cnew residential business climbed to the highest level in eight months.
FHA insurance was in force on 8,445,779 residential loans for a total of $1.2428 trillion as of June 30, according to an analysis of Department of Housing and Urban Development data.
The book of business expanded from a month earlier, when it stood at 8,448,630 loans for $1.2414 trillion, and a year earlier, when it was in force on 8,329,859 loans for $1.2042 trillion.
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From:: Financing