More than 11 percent of FHA servicing outstanding was delinquent in 2016, mostly in the 30-60 day categories, with banks dominating the FHA servicing market. An estimated 7.77 million FHA loans are currently being serviced, of which 6.93 percent were 30 to 60 days behind on their monthly payments at the end of last year, according to an Inside FHA/VA Lending analysis of FHA servicing data. Seriously delinquent loans (90-days plus overdue) accounted for 4.90 percent of all FHA loans outstanding. FHA delinquencies spiked in the fourth quarter of 2016, primarily in the 30-day category, which increased 55 basis points over the period. On the other hand, overall FHA delinquencies remained flat year-over-year. Banks comprised four of the top five FHA servicers. They are, in sequential order, Wells Fargo, JPMorgan Chase, Cenlar FSB, and US Bank. PennyMac, in fifth place, is the ... [Charts ]