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.
FHA delinquencies' 'No Contact' rate has surged to 17.77% vs. 7-8% during 2008.
| Source: | https://citizenwatchreport.com/fha-delinquencies-no-contact-rate-has-surged-to-17-77-vs-7-8-during-2008/ |
| Published: | Sep 25, 2024 |
| Author: | Horse |
| Post Date: | 2024-09-25 07:15:16 by Horse |
| Views: | 59 |