FHA serious delinquency rate inches up while originations decline

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opportunity in the area of housing finance. At A Glance, a monthly chartbook and data source for policymakers, Serious Delinquency Rates Serious delinquency rates -fannie mae & Freddie Mac 24. The FHA/VA share was slightly up: 25 percent in Q1 2017 versus 23 percent in 2016..

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A few weeks later Irma, although less destructive than anticipated, created havoc on both coasts of Florida and delinquency. rate, the percentage of loans 30 or more days past due but not in.

FHA serious delinquency rate inches up while originations decline 0 The serious delinquency rate for federal housing administration mortgages reached 9.6% in December, the highest level in more than two years, the Department of Housing and Urban Development said.

Applying for an FHA Loan After Previous Delinquencies. Those who had short sales and were behind on their mortgage payments will have to wait at least 12 months from the time of the delinquency before applying for a new FHA loan-lender standards would apply in these cases.

What Are the Delinquency Rates on Credit Types? The serious delinquency rate on VA loans increased 11 basis points to 2.40 while the serious delinquency rate on FHA mortgages rose 18 basis points to 4.56 percent. Despite these increases over the quarter, serious delinquency rates on government loans remain below their average levels in the years leading up to the recession.

The delinquency rates for VA loans increased by 37 basis points to 6.34 percent while the FHA delinquency rate decreased by 20 basis points to 10.97. The percentage of loans in foreclosure, also known as the foreclosure inventory rate, decreased from last quarter to 3.55 percent.

On a non-seasonally adjusted basis, the combined percentage of loans in foreclosure or at least one payment past due was 14.01% in the first quarter – a decline from. the seasonally adjusted.

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There were substantial improvements in delinquency rates during the first quarter of 2012 according to the National Delinquency Survey for the period released this morning by the Mortgage Bankers..

The serious delinquency rate, the percentage of loans that are 90 days or more past due or in the process of foreclosure, was 3.13 percent, an increase of 17 basis points from last quarter, and a decrease of 31 basis points from last year.