At yearend, 28.8 percent of FHA mortgages in Puerto Rico were in some stage of delinquency, including 15.8 percent that were 90 days or more past due. These ultra-high late-payment readings – courtesy of hurricanes Maria and Irma – have caught the attention of both Ginnie Mae and the FHA. …
Analysts are expecting private capital to play a much greater role in housing finance in 2018 through both non-agency MBS and additional credit-risk transfers from the government-sponsored enterprises, according to Standard & Poor’s.