Borrowers with FHA loans have the highest delinquency and default rates. Many analysts blame extremely liberal FHA underwriting policies, very low down payment requirements and seller concessions. Other factors that contribute to a default rate of almost 10% on FHA mortgages are slow income growth, high unemployment and declining home values. Regardless of the causes […]
Four Tips On How To Avoid FHA Foreclosure Rescue Scams
August 15, 2012 Filed Under: FHA Foreclosure Help, FHA loan, FHA mortgage
Will The FHA Need A Bailout? Congress Approves “FHA Emergency Solvency Act” As Loan Defaults Soar
February 8, 2012 Filed Under: FHA loan, FHA mortgage, HUD foreclosed homes, Mortgage Default
Loan defaults at the FHA continue to soar according to the latest FHA Single-Family Outlook report issued by the FHA. The latest statistics on the FHA loan portfolio show that almost 18% of all FHA insured mortgages are 30 days past due or more. The number of loans classified as seriously delinquent increased by 19% […]