More residential lending products were insured by the government on a monthly basis, while delinquency on government-insured mortgages moved lower.
June saw
134,272 residential loans for $26.621 billion endorsed by the Federal Housing Administration based on monthly data obtained from the Department of Housing and Urban Development and analyzed by Mortgage Daily.
FHA activity increased from the previous month, when 107,563 loans were endorsed for $21.322 billion.
Government business was also better than in same month last year, when 73,703 loans were endorsed for $12.823 billion.
The latest activity brought calendar year-to-date
volume to 565,684 loans for $110.502 billion.
Since beginning its fiscal-year 2015 on Oct. 1, 2014, FHA has endorsed 782,867 loans for $149.408 billion.
The June 2015
total included $25.141 billion in single-family loans, $1.469 billion in home-equity conversion mortgages and $0.011 billion in Title I loans.
Single-family refinance share was 37.8 percent, thinner than 40.7 percent in May but wider than 21.9 percent one year prior.
Total applications, including single-family and HECM, moved up to 165,391 in June 2015 from 161,162 a month earlier.
FHA finished the most-recent month with insurance in force on 8,329,859 loans for $1.2042 trillion.
The agency’s book of business was up from 8,319,924 loans for $1.2011 trillion a month earlier.
But insurance in force declined from June 30, 2014, when 8,470,924 loans were outstanding for $1.2384 trillion.
The June 30, 2015, total included $1.0561 trillion in single-family loans, $0.1470 trillion in HECMs and $0.0010 trillion in Title I loans.
Delinquency of at least 30 days, including loans in foreclosure and bankrupt borrowers, was 12.00 percent as of mid-2015. The rate retreated 31 basis points from the end of May and was 107 BPS better than at the end of June last year.
The 90-day rate closed out the most-recent month at 6.12 percent. The foreclosure rate was 1.98 percent, and the bankruptcy rate was 0.95 percent.
FHA additionally endorsed 88 commercial real estate loans for $1.098 billion this June.
CRE loan volume ascended from $0.636 billion the previous month, though the number of loans was off from 96.
In June 2014, FHA endorsed 181 loans for $1.812 billion.
From Jan. 1 through June 30 of this year, FHA has endorsed 503 commercial mortgages for $3.877 billion. The volume jumps to 860 loans for $6.704 billion for fiscal-year-to-date 2015.
June 2015’s endorsements included $0.798 billion in multifamily loans and $0.300 billion in nursing home loans.
FHA insurance was in force on 13,987 CRE
loans for $104.439 billion as of the most-recent date.
Outstandings were 14,000 loans for $103.322 billion a month earlier and 13,654 loans for $98.913 billion a year earlier.
June 2015’s total included $72.121 billion in multifamily loans, $23.653 billion in nursing home loans and $7.665 billion in hospital loans.
