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Home » Store » Government-Insured Originations » As FHA Delinquencies Rise Sharply in Puerto Rico, Ginnie Mae is Keeping a Close Eye on MBS Issuers

As FHA Delinquencies Rise Sharply in Puerto Rico, Ginnie Mae is Keeping a Close Eye on MBS Issuers

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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. …
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