twitter linkedin
facebook google+
Search:

Mortgage News

News by Subject
Complete list of specialty news sections.

Purchase Subscription
Subscribe to MortgageDaily.com and get immediate access to all news, statistics and archives.

Mortgage Advertising
Reach mortgage executives, loan originators and other people tied to mortgage industry.

Consumer Mortgage News
Free mortgage news for prospective borrowers.

Mortgage Newsletter
Free e-mail newsletter with the latest headlines from MortgageDaily.com.

Mortgage News Reprints
Put entire MortgageDaily.com stories in your online or printed newsletter or publication.

Mortgage Feedget RSS code
Condensed MortgageDaily.com stories free on your Web site or for your RSS reader.

News Archives
Archive of MortgageDaily.com stories by month going back to 1999.

Press Releases
Reports and announcements from MortgageDaily.com.

Mortgage Statistics
Data and statistics for real estate finance.

Mortgage Directories
Directories of lenders, branch operators and mortgage service providers.

Mortgage Graphs
Directories of lenders, branch operators and mortgage service providers.

home subscribe advertise reprints e-mail help RSS about us LOG IN

Mortgage News

 

Mortgage News

HOT Topics

production

servicing

compliance

legal

fraud

secondary

jobs

appraisal

site map

www.loan-academy.com/

FHA News | Government Resources | M o r t g a g e e Letters | FHA Statistics
FHA, VA and HECM mortgage news. HUD and G i n n i e news also. Originations, servicing and FHA approval.



FHA Endorsements, Delinquency Down

Endorsements decrease 5% in July

Sept. 26, 2013

By Mortgage Daily staff

The monthly origination of loans insured by the Federal Housing Administration moved lower but could increase based on new applications. Residential delinquency improved.

FHA endorsed 105,955 home loans for $18.725 billion in July.

Originations slipped from a month earlier, when 111,662 mortgages were insured for $19.661 billion.

Business also slowed from the same month in 2012, when endorsements amounted to 110,924 loans for $20.5 billion.

Since the beginning of its fiscal-year 2013 on Oct. 1, 2012, FHA has endorsed 1,165,825 loans.

From Jan. 1 of this year until July 31, endorsements numbered 812,687.

Refinance share sank to 37.2 percent in July from the previous month's 45.0 percent share.

FHA additionally endorsed 5,735 home-equity conversion mortgages for $1.462 billion during the most recent month, more than the 5,328 insured for $1.314 billion in June. HECM production was 3,868 HECMs for $0.9 billion in July 2012.

August is likely to come in stronger than July based on new loan applications, which climbed to 115,593 from just 100,241 in June.

Purchase applications climbed 20 percent from June, while refinance applications were up 8 percent and HECM applications increased 14 percent.

As of July 31, there were 7,802,970 FHA-insured loans outstanding for $1.0965 trillion.

FHA's book of business slipped from 7,810,825 loans insured for $1.0971 trillion a month earlier and 7,663,329 loans for $1.0758 trillion a year earlier.

The HECM portfolio grew to 614,918 loans for $144.7370 billion from 612,572 loans for $144.1200 billion at the end of June.

Delinquency of at least 30 days, including loans in foreclosure and bankruptcy, finished July at 14.40 percent, down from 14.98 percent as of June 30. The rate also improved from 15.95 percent as of July 31, 2012.

Serious delinquency -- which includes loans at least 90 days past due, loans in foreclosure and mortgages in bankruptcy -- fell to 8.18 percent from 8.38 percent a month earlier and 9.47 percent a year earlier.

FHA profile

next story

back to current headlines


Reverse Mortgage News
Home equity conversion mortgages, HECM lenders and HECM reports. Reverse mortgage lending issues, analysis and compliance.

www.mortgagebranchmanagerjobs.com

Mortgage Insurance News | M.I. Directory | M.I. Statistics
News about mortgage insurance issuance, defaults and litigation
.


www.mortgagebranchmanagerjobs.com
Refinance News | Refinance Share Statistics
News about refinancing programs, pricing and production. Stories about the H o m e
Affordable Refinance Program, H A R P 2.0 and other Making Home Affordable coverage.


Servicing News | Servicer Ranking | Delinquency Statistics
Stories about mortgage servicers, delinquency and f o r e c l o s u r e s. Coverage of servicing lawsuits and loan servicing technology.


Origination News | Lender Ranking | Fundings by Lender | Statistics
Quarterly residential mortgage production by lender. Subprime, Alt-A, home equity and conforming originations. Volume by quarter since 2003.


Logout forgot
password?

SUBSCRIBERS: Edit Subscription | Subscription Help | or call 214.521.1300

Subscribe Contact Us Site Map

Copyright © 2017 Mortgage Daily, D a l l a s
Subsribers Only:

AMC directory

ARM indexes

mortgage company directory

mortgage regulations

net branch directory

p r i c i n g engine directory

wholesale lender directory

More Mortgage News Resources (full site map):

advertising news

appraisal news

bank news

biggest lenders

commercial mortgage news

corporate mortgage news

credit news

FHA news

financial regulation news

foreclosure news

GSE news

jumbo mortgage news

interest rates

loan modification news

loan originator survey

LOS Newsletter

MBS

mortgage associations

mortgage-backed securities

mortgage books

mortgage brokers

mortgage compliance

mortgage conferences

mortgage directories

mortgage education

mortgage employment

mortgage employment index

mortgage executives

mortgage fraud

mortgage fraud blog

mortgage fraud local news

Mortgage Fraud Index

Mortgage Graveyard

mortgage insurance news

mortgage lawsuits

mortgage leads

mortgage lender ranking

mortgage licenses

mortgage litigation

Mortgage Litigation Index

Mortgage Market Index

mortgage mergers

mortgage news

mortgage politics

mortgage press releases

mortgage production

mortgage public relations

mortgage rates

mortgage servicing

mortgage statistics

mortgage technology

mortgage video

mortgage Webinars

net branch

net branch directory

nonprime news

origination news

originator tools

real estate news

refinance news

reverse mortgage news

secondary marketing

social media

servicing news

subprime news

wholesale lenders