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Volume 7 - Number 9

April 25, 2014

Downloads Available: Top FHA Servicers - 1Q14


FHA Delinquency Rates Decline in 1Q14

Better performance on newer vintage FHA loans helped drive down the agency’s overall portfolio delinquency rate and fueled the decline in 30-, 60- and 90-day delinquencies during the first quarter of 2014, according to Inside FHA Lending’s analysis of FHA servicing data. Total delinquencies during the first quarter improved to 12.88 percent as of March 31 from 15.23 percent as of Dec. 31, 2013. The 30-60 day delinquency rate also fell to 5.41 percent from 7.14 percent, while the serious delinquencies (90 days or more past due) dropped modestly to 7.46 percent from 8.08 percent over the same period. The overall foreclosure rate, however, increased slightly to 2.36 percent during the first three months of 2014 from 2.30 percent at the end of 2013. FHA servicers ended the first quarter with ... [1 chart]

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Poll

With rates higher this year, there has been talk of lenders liberalizing their underwriting standards in an effort to increase volume and make up for lower refis.

Do you think your shop will loosen standards over the coming three months?

Yes, but not by much.
Yes, by a lot.
Yes and, heck, we may even do non-QM lending.
No, not at all.
No and we may even tighten credit.

vote to see results