New monthly business at the Federal Housing Administration turned lower and is likely to recede even further. Reverse mortgage applications exploded ahead of premium changes. FHA delinquency deteriorated.
At the end of its fiscal-year 2017, insurance was in force on 8,578,803 residential loans for $1.3031 trillion, according to an analysis of data reported by the Department of Housing and Urban Development.
FHA’s book of business was comprised of $1.1588 trillion in single-family loans, $0.1433 trillion in home-equity conversion mortgages and $0.0010 trillion in Title I loans.
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From:: Financing