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Title: FHA delinquencies' 'No Contact' rate has surged to 17.77% vs. 7-8% during 2008.
Source: [None]
URL Source: https://citizenwatchreport.com/fha- ... d-to-17-77-vs-7-8-during-2008/
Published: Sep 25, 2024
Author: Horse
Post Date: 2024-09-25 07:15:16 by Horse
Keywords: None
Views: 20

The current situation with FHA delinquencies is indeed concerning. As of the latest data, 17.77% of FHA delinquencies are categorized under “No Contact,” meaning the borrowers have essentially vanished. This is the third highest reason for delinquencies, following “Reduction of Income” and “Excessive Obligations,” which have returned to pre-pandemic levels.

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