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Cause for concern? FHA, VA delinquencies are rising quickly

Housing Wire

The seriously delinquent rate (loans that are at least 90 days overdue, plus those in foreclosure) for FHA loans is 4.12%, roughly three times higher than the 1.14% rate for conventional loans. The seasonally adjusted mortgage delinquency rate for all outstanding loans increased compared to the third quarter of 2024.

VA loan 385
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Mortgage delinquencies edged higher in November: ICE

Housing Wire

While delinquencies remain low overall, the number of delinquent loans ticked up in November, according to the latest ICE Mortgage Monitor report. Furthermore, the delinquency rate among FHA loans is at a nine-year high, and will be worth watching closely in 2024, the report said. Foreclosure starts decreased by 12.2%

Mortgages 459
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Mortgage delinquencies declined slightly. Are homeowner tensions easing?

Housing Wire

Surveyed loan types include Federal Housing Administration (FHA) loans, U.S. Department of Veterans Affairs (VA) loans and conventional loans. FHA loans had the largest delinquency rate decrease in the third quarter, falling by 14 basis bps to 10.46%.

VA loan 370
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Mortgage delinquency, foreclosure activity point to rising homeowner distress

Housing Wire

The MBA reported that mortgages in all stages of delinquency rose by 3 basis points (bps) on a quarterly basis but were 60 bps higher compared to Q2 2023. On an annualized basis, late-payment rates increased 35 bps for conventional loans, 165 bps for Federal Housing Administration (FHA) loans and 93 bps for U.S.

Mortgages 473
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Weaker economy, inflation caused mortgage delinquency uptick in Q4

Housing Wire

Delinquency rates — which includes loans that are at least one payment past due but does not include loans in the foreclosure process — rose across all loan types and stages of delinquency. The FHA loan delinquency rate rose the most by a whopping 209 bps to 10.61% in the fourth quarter from the previous quarter.

Mortgages 448
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MBA: Mortgage Delinquencies Increased Slightly in Q4 2024

Calculated Risk Real Estate

By the end of the fourth quarter, the spread between the FHA and conventional delinquency rates reached 841 basis points, while the VA and conventional spread was 208 basis points.” ” Added Walsh, “Government loans are also rolling to later stages of delinquency.

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MBA: Mortgage Delinquencies Increased Slightly in Q1 2024

Calculated Risk Real Estate

. “Overall mortgage delinquencies increased slightly in the first quarter of 2024, but not across all three of the major loan types. Delinquencies declined for FHA loans, were relatively flat for conventional loans, and increased for VA loans,” said Marina Walsh, CMB, MBA’s Vice President of Industry Analysis.

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