FHA Production is Strong2021 YTD FHA Lending is strong both in terms of total originations (961,249) and in terms of loan volume ($230.04 Billion). In August, FHA lenders originated 119,721 purchase and refinance loans, up 0.5% from August 2020 when production was 119,135 FHA loans.
Wholesale Production is GrowingLenders in the wholesale channel originated 13,158 FHA Purchase loans in August, representing 17.47% of all Purchase loans - up from the previous month. Wholesale utilization varied by state. In the mainland US, wholesale channel utilization was the highest in California: 36% of all FHA purchase loans originated in this state came through the wholesale channel.
For further insights and exploration, visit Free Resources in our store to download the August 2021 FHA Infographic, or you can subscribe to FHAVision for detailed insights in all markets. For more information visit: Polygon Research.