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 Originations Up, Refis Set to Rise

October endorsements up 3% from September

Feb. 13, 2014

By Mortgage Daily staff

The latest monthly reading from the Federal Housing Administration showed an increase in new mortgage production, and another improvement appears to be ahead. FHA outstandings grew, but delinquency was worse.

The Department of Housing and Urban Development reported that 88,739 loans were endorsed by FHA for $15.386 billion during October -- its first month during fiscal-year 2014.

Business perked up from the previous month, when 86,330 mortgages were insured for $14.930 billion.

But it wasn't as good as in October 2012, when 126,877 home loans were endorsed for $22.697 billion.

Single-family endorsements accounted for 83,939 loans for $14.310 billion during the most recent month. Single-family activity rose from 81,314 loans for $13.790 billion in September.

Another 4,186 home-equity conversion mortgages were endorsed in October for $1.063 billion, declining from 4,517 HECMS for $1.130 billion a month earlier.

Title I endorsements rose to 614 units for $0.013 billion from 499 units for $0.010 billion. Title I endorsements during October included 564 property improvement loans and 50 manufactured housing loans.

New FHA business is set to rise when November's operational data is reported. Apps climbed to 93,516 from 83,445 in September.

Conventional-to-FHA refinance applications jumped 29 percent in October, while apps for FHA Streamline Low MIP refinances increased a quarter from September and FHA Streamline Standard MIP applications rose 21 percent.

Multifamily FHA endorsements were 84 loans for $0.992 billion in October, bringing to 10,371 multifamily loans for $63.938 billion that are outstanding.

FHA ended October with 8,491,242 loans outstanding for $1.2449 trillion.

Insurance in force expanded from 8,470,292 loans for $1.2439 trillion as of the end of fiscal-year 2013 a month earlier.

Outstandings have increased even more from Oct. 31, 2012, when 7,733,203 FHA-insured loans were outstanding for $1.0867 trillion.

Single-family loans accounted for $1.0982 trillion of the Oct. 31, 2013, total, while HECMs made up another $0.1457 trillion and Title I outstandings were $0.0010 trillion.

Residential delinquency of at least 30 days, including foreclosures and bankruptcies, was 14.54 percent as of the end of October.

The rate worsened from 14.49 percent a month earlier but retreated from 16.02 percent a year earlier.

The latest delinquency level reflected a 30-plus-day rate of 11.07 percent, a foreclosure rate of 2.31 percent and a bankruptcy rate of 1.16 percent.

Looking just at serious delinquency, the rate of FHA loans that were past due at least 90 days was unchanged from September at 8.04 percent but did improve from 9.50 percent at the same point in 2012.

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