FHA Endorsements Fall, Could Go Lower

The monthly volume of residential loans endorsed by the Federal Housing Administration declined and could move even lower. A modest improvement was recorded for delinquency.

An analysis of data from the Department of Housing and Urban Development indicates FHA insurance was in force on 8,461,151 residential loans for $1.2518 trillion as of Sept. 30.

The total — including single-family loans, home-equity conversion mortgages and Title I loans — increased from 8,460,309 loans for $1.2497 trillion as of one month previous.


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From:: Financing

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