FHA Loan Delinquencies Continue to Rise
March 17th, 2009
According to the Mortgage Bankers Association’s quarterly delinquency report, 2008 saw the percentage of FHA loans 90-plus days past due reach 4.11 %, its highest ever level. The Department of Housing and Urban Development’s (HUD) figures are even higher. The seasonally adjusted percentage of FHA home loans that are 90 days or more delinquent rose more than anticipated.
