FHA Lending December 2020
This is our last blog update on the monthly FHA performance in 2020. HUD announced the release of its FHA Single-Family Data on January 27, and, as we do every month, we ingested the new data and updated GovLoansVision™ to stay current with the annual trends. We will follow up with another post next week reflecting on the FHA lending landscape in 2020.
In December 2020, 78,198 purchase mortgages were originated, up 18.8% from 2019. This is robust performance, and looking at the trends year-over-year, this December is the best December since 2010 for purchase mortgage originations.
The top 5 FHA purchase lenders YTD as of December 2020 by number of originated purchase loans were#nbsp;Fairway Independent Mortgage Corporation, Quicken Loans, Caliber Home Loans, loanDepot and Guild Mortgage.
So what does the future hold? Later this year, we will begin forecasting FHA, VA and USDA production levels on a monthly basis with instant ML from our partner TangentWorks. Stay tuned!
You can't always make the right moves in the highly competitive FHA market if you don't have your finger on the pulse of your territory. To solve this problem, Polygon Research has taken the last 10 years of monthly FHA single-family loan-level data (released monthly by the U.S. Department of Housing and Urban Development) and built an interactive app#nbsp;GovLoansVision™, to provide instant insights. Keep reading to see the latest trends at the national level in the infographic below, and contact us for a demo to drill down by lender and geography.
