Fannie Mae (FNMA)

[navycmdr]

The Final Tally for 2017: $251 Billion of FHA Loans

Tuesday March 14, 2018 ... By George Brooks ... [e-mail]



Mortgage firms delivered $250.5 billion of FHA loans into Ginnie Mae mortgage-backed securities in 2017, down 8.7 percent from the year before, according to a tally from Inside FHA/VA Lending.

Purchase loans comprised 69.6 percent of Ginnie MBS issuances backed by FHA loans over the 12- month period, while refinances accounted for 24.8 percent.

FHA customers had an average FICO score of 675.3, suggesting a more traditional borrower base of first-time homebuyers with credit issues.

The FHA loans that were securitized had an average loan-to-value ratio of 92.8 percent and a debt-to-income ratio of 41.3 percent. For more details and exclusive FHA volume rankings,