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Home » Store » News » FHA Forced to Cope With Rising Defaults

FHA Forced to Cope With Rising Defaults

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The default rate for FHA mortgages has spiked to its highest-ever level as government lending continues to see its share of the mortgage market explode. Some experts think the trend will soon force the Department of Housing and Urban Development to tighten up its underwriting standards. The latest two-year data cycle ending Dec. 31 show that 4.31 percent of FHA-insured loans are in...
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