Up Tick in FHA Business, Delinquency Worsens

Government-insured mortgage production was up from the preceding month but was down from a year ago. Delinquency deteriorated on both a month-over-month and year-over-year basis.

The Federal Housing Administration ended October with insurance in force on 8,595,615 residential loans for $1.3088 trillion, according to data from the Department of Housing and Urban Development.

The total consisted of $1.1618 trillion in single-family loans, $0.1461 trillion in home-equity conversion mortgages and $0.0010 trillion in Title I loans.


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From:: Financing

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