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Home » Store » News » FHA Delinquency Falls, Reversing Upward Trend

FHA Delinquency Falls, Reversing Upward Trend

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FHA loan performance may have turned a corner in February, as the rate of past-due mortgages fell to 9.17 percent, from 9.40 percent the prior month, according to the latest Department of Housing and Urban Development data. The last time the delinquency rate dropped was in May 2009, and the mark hasn’t declined for two consecutive months since January last year. Another HUD database shows that...
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