Monthly residential business moved higher at the Federal Housing Administration, but so did the rate of past-due payments. Commercial lending activity, however, was mixed.
As of May 31, FHA insurance was in force on 8,448,630 residential
loans — including single-family loans, home-equity conversion mortgages and Title I loans — for $1.2414 trillion.
FHA’s book of business grew from a month earlier, when the total was 8,447,949 loans for $1.2397 trillion, and a year earlier, when it stood at 8,319,924 loans for $1.2011 trillion.
The findings were based on a Mortgage Daily analysis of data reported by the Department of Housing and Urban Development.
Single-family loans accounted for $1.0941 trillion of the June 30, 2016, balance, while HECMs made up another $0.1462 trillion and Title I loans made up $0.0010 trillion.
FHA endorsed 108,315 residential loans for $21.248 billion, more than the 101,743 loans endorsed for $19.917 billion in April 2016.
Endorsements totaled 107,563 loans for $21.322 billion in May 2015.
From Jan. 1 through May 31 of this year, FHA endorsements amounted to 501,307 loans for $98.375 billion.
Since beginning its fiscal-year 2016 on Oct. 1, 2015, FHA has endorsed 816,068 loans for $159.812 billion.
May 2016 endorsements included $20.129 billion in single-family loans, $1.110 billion in HECMs and $0.009 billion in Title I loans.
New single-family and HECM applications crept up to 167,100 in May from 163,138 the previous month.
Single-family delinquency of at least 30 days, including foreclosures and bankruptcies, was 10.65 percent as of May 31, worsening from 10.53 percent one month previous but better than 12.31 percent one year previous.
Included in the delinquency rate was a 1.63 percent foreclosure rate and an 0.87 percent bankruptcy rate.
The 90-day delinquency rate
was 5.07 percent as of the most-recent date.
FHA, which released commercial real estate loan data for June 2016, endorsed 81 CRE loans for $0.985 billion in that month.
CRE business picked up from 84 loans endorsed for $0.902 billion in May but fell short of 98 loans for $1.098 billion in June 2015.
The latest CRE total consisted of $0.780 billion in multifamily loans and $0.205 billion in residential car/nursing facilities loans.
Calendar-year CRE loan endorsements came to 524 loans for $6.268 billion, while fiscal-year 2016 endorsements added up to 853 loans for $9.957 billion.
Insurance was in force on 14,199 CRE loans for $107.555 billion. That book grew from 14,180 loans for $107.098 billion as of May 31, 2016, and
13,987 loans for $103.439 billion as of mid-2015.
The mid-2016 total consisted of $76.227 billion in multifamily loans, $24.421 billion in resident care/nursing facilities loans and $6.907 billion in hospital loans.
