It isn’t true that all Federal Housing Administration mortgages are being pooled into Government National Mortgage Association mortgage-backed securities, an early look at 2016 HMDA numbers show.

Well, it’s almost true. Early reporters of 2016 Home Mortgage Disclosure Act data to ComplianceTech show two FHA loans bought by Fannie Mae and 37 by Freddie Mac. The other more than 243,000 FHA loans went into Ginnie Mae securities, which provides a government guarantee to investors for the timely payment of principal and interest.

That’s a total of two thirds of FHA originations, LendingPatterns™ data show. Non-agency investors bought 26 percent of the FHA loans reported to date, while seven percent remained unsold and on originators’ books.

As of July 24, early HMDA reporters originated 365,000 FHA mortgages last year. Hispanics got a healthy 14.5 percent of those, and minority totals came to 28 percent in total, with Blacks pulling down the second spot at 10 percent. Asians made up just 2.4 percent of FHA borrowers in the sample, while whites got 57 percent of the volume.

If you exclude purchased loans, since they aren’t apps, the origination rate on FHA mortgages to date is 60 percent and denials are at 18 percent.

On the dollar side, the origination and denial numbers are similar. Back on the numbers side, purchase mortgages led at 56 percent, with 43 percent in refinancings and the balance in home equity loans.

Low- and moderate-income borrowers took down a good percentage of FHA mortgages at nearly a third combined. That was higher than the categories of upper income (26 percent) and middle income (25 percent).

On the gender rollup (apps with at least one male versus female(s) with no males, females had a 25 percent share.

FHA lending is tilting heavily to conforming volumes so far for 2016, at 97 percent to three percent for jumbo mortgages.

First liens are averaging $189,000 per borrower, with subordinate liens coming in at an average of $27,000. Volume is overwhelmingly in first liens, with just 43 loans in another lien status.

When it comes to property types, there are practically no FHA multifamily mortgages being done. To date there are just 42. Manufactured housing is moving the needle, at nearly three percent, but the vast majority is going to single family mortgages.

Spreads were reported on about 13 percent of FHA loans recorded so far. First liens spreads to date are 184 basis points, and other liens are 109 bp.

All lenders who are obligated to report HMDA numbers to the Federal Financial Institutions Examinations Council for 2016 have done so, but the Federal Reserve unit won’t be releasing them for another couple of months. ComplianceTech reached out to lenders to share their numbers in advance of the fall report, and a significant percentage of them have done so.

 (Mark Fogarty is a journalist and analyst who has been covering the mortgage industry for more than 30 years.)