Volume 7 - Number 25
December 5, 2014
Downloads Available: Top FHA Servicers - 3Q14
30-60 Days Uptick Raises FHA Delinquency Rate
The delinquency rate for FHA-insured single-family mortgages increased slightly from June through September, with a slight uptick in the percentage of loans 30 to 60 days past due, according to an Inside FHA Lending analysis of agency servicing data. As of Sept. 30, FHA delinquencies across the board rose to 13.57 percent from 13.31 percent at midyear due to a slight pickup in 30- to 60-day delinquencies over the three-month period. The share of loans 30- to 60-days delinquent stood at 6.55 percent as of Sept. 30, up from 6.17 percent on June 30. Serious delinquencies dropped slightly to 7.02 percent from 7.14 percent over the same period as the FHA’s inventory of legacy loans continued to clean out and the more recent vintages continued to perform well. The overall foreclosure rate for FHA-insured loans fell to 2.15 percent from 2.30 percent, reflecting the ... [1 chart]
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