FHA Lending - July 2021 Update

Every month we take a look at the state of FHA lending activity by leveraging our app,FHAVision. FHAVision is an interactive dashboard of monthly FHA endorsement data by originator and sponsor. With historical data dating back to 2010, we update pull in current data each month as soon as it is published by HUD. Our users have access to loan-level data on 1300+ lenders by loan purpose, channel, and interest rate, with geographical analysis of FHA lending trends from the national level down to zip code.

2021 YTD FHA Lending is going strong both in terms of total originations (841,528) and in terms of loan volume ($200.8 Billion). In fact, the first 7 months of 2021 are the best in the entire data set, which dates back to 2010.#nbsp;

Source: FHAVision, updated with the latest HUD's FHA SF Endorsement Data

The main driver of loan volume has been FHA loan sizes, which have increased from an average of $176,608 in 2010 (first 7 months) to $238,593 in 2021 (first 7 months).

FHA Purchase Originations have delivered an average performance. At 470,249 they are lower than the FHA Purchase Originations in 2010, 2016, and 2017.

FHA Purchase Market Share

We looked into HMDA data to get a sense of how the FHA Purchase Market Share has changed in the last 5 years. We noticed that as a share of total purchase loan production, FHA Purchase has decreased from about 22% in 2015 to about 17% in 2020.#nbsp;

Source: HMDAVision

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