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FHA Delinquencies Decline; More Quality Originations Cited
HOW LOANRATEUPDATE WORKS
READ OUR DISCLOSURE
FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateUpdate and the offers you have received, you've found the right product and the best rate.
READY TO TAKE IT TO THE NEXT LEVEL?
LOANRATEUPDATE IS NOT A LENDER OR A BROKER BUT WE HAVE LOTS OF FRIENDS WHO ARE
Pick the service you desire below
FHA Delinquencies Decline; More Quality Originations Cited
HOW LOANRATEUPDATE WORKS
READ OUR DISCLOSURE
FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateUpdate and the offers you have received, you've found the right product and the best rate.
LOANRATEUPDATE IS NOT A LENDER OR A BROKER BUT WE HAVE LOTS OF FRIENDS WHO ARE
Pick the service you desire below
FHA Delinquencies Decline; More Quality Originations Cited

March 21, 2011 (Jeff Alan)

The Federal Housing Administration reports that the serious delinquency rate for mortgages in its portfolio in the first quarter of 2011 has dropped to 8.29 percent from 8.9 percent a year ago. FHA attributes the decline to higher quality mortgages that were originated from 2009 through 2011.

“The 2009 book is now starting to enter its peak default period (years two through four), but it is expected to perform much better than did its predecessors,” the FHA reported. “At this stage in its seasoning, the 2009 book has claim rates that are less than half those seen at the same stage for the 2005-2008 books.”

The agency says that mortgage loans that were originated in 2007 and 2008 now only make up about 15 percent of their active profile. The delinquency rate for loans originated in 2007 is 22.44 percent and the delinquency rate for loans originated in 2008 is 19.65 percent. Loans originated before 2007 have a delinquency rate of 11.59 percent.

Almost half of all mortgage loans in its current active portfolio are loans that were originated between 2009 and 2011.

FHA provided a total of $72.1 billion in new insurance in the first quarter of 2011, up from $71.4 billion in the previous quarter, however, the agency says they expect insurance volumes to decline in the next quarter as the number loan originations also declined.

Compared to a year ago, FHA insurance in the first quarter of 2011 fell 33 percent which is attributed to a 44 percent decrease in home purchase originations and a 16 percent decease in refinance originations.

“FHA single-family insurance activity in the quarter was marked by a decline in home-purchase endorsements, which was mostly offset by an increase in refinance activity,” the FHA said. Still, dollar volumes in this quarter were more than 16 percent below the year-earlier period level of $86.4 billion, the agency added.

Tags: FHA, delinquency rate, quality mortgages, portfolio, mortgage loans, insuance volumes, home purchase originations, refinance originations

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March 21, 2011 (Jeff Alan)

The Federal Housing Administration reports that the serious delinquency rate for mortgages in its portfolio in the first quarter of 2011 has dropped to 8.29 percent from 8.9 percent a year ago. FHA attributes the decline to higher quality mortgages that were originated from 2009 through 2011.

“The 2009 book is now starting to enter its peak default period (years two through four), but it is expected to perform much better than did its predecessors,” the FHA reported. “At this stage in its seasoning, the 2009 book has claim rates that are less than half those seen at the same stage for the 2005-2008 books.”

The agency says that mortgage loans that were originated in 2007 and 2008 now only make up about 15 percent of their active profile. The delinquency rate for loans originated in 2007 is 22.44 percent and the delinquency rate for loans originated in 2008 is 19.65 percent. Loans originated before 2007 have a delinquency rate of 11.59 percent.

Almost half of all mortgage loans in its current active portfolio are loans that were originated between 2009 and 2011.

FHA provided a total of $72.1 billion in new insurance in the first quarter of 2011, up from $71.4 billion in the previous quarter, however, the agency says they expect insurance volumes to decline in the next quarter as the number loan originations also declined.

Compared to a year ago, FHA insurance in the first quarter of 2011 fell 33 percent which is attributed to a 44 percent decrease in home purchase originations and a 16 percent decease in refinance originations.

“FHA single-family insurance activity in the quarter was marked by a decline in home-purchase endorsements, which was mostly offset by an increase in refinance activity,” the FHA said. Still, dollar volumes in this quarter were more than 16 percent below the year-earlier period level of $86.4 billion, the agency added.

Tags: FHA, delinquency rate, quality mortgages, portfolio, mortgage loans, insuance volumes, home purchase originations, refinance originations

What's the four square system? How much is your trade-in really worth and why those payments really do seem a little higher than you thought.
There's both advantages and disadvantages to leasing and buying depending on what you're planning to use your car for and how long you plan on keeping it.
Sure that low interest dealer financing sounds really attractive but there's a price to be paid for that. We spill the beans as to why getting your own financing may save you money.
Buying a car at a dealership hasn't changed much through the years but doing your research on the internet can you save you a lot of time and most importantly, a lot of money.
THINKING OF BUYING
A NEW CAR?


WE GIVE YOU THE INSIDE TIPS THAT
COULD SAVE YOU THOUSANDS.
Calculate how much you can afford
BUYING OR SELLING A HOME
IS A BIG DECISION
WE MAKE IT EASIER
Buying a home is a big decision. If you are not prepared, the decisions you make, the questions you don’t ask, and the details you miss could cost you thousands – in price, fees, financing, property issues, and home repairs.
Home loans can be confusing. There's a lot of options and we provide the information that makles it simple. Don't sign on that dotted line until you know. It could cost you.
FIND THE CREDIT CARD THAT'S RIGHT FOR YOU
THERE'S A CREDIT CARD FOR VIRTUALLY ANY SITUATION. FIND YOURS.
YOU'VE WORKED HARD TO BUILD YOUR DREAM

LEARN ABOUT THE LOAN OPTIONS AVAILABLE TO EXPAND YOUR BUSINESS

March 21, 2011 (Jeff Alan)

The Federal Housing Administration reports that the serious delinquency rate for mortgages in its portfolio in the first quarter of 2011 has dropped to 8.29 percent from 8.9 percent a year ago. FHA attributes the decline to higher quality mortgages that were originated from 2009 through 2011.

“The 2009 book is now starting to enter its peak default period (years two through four), but it is expected to perform much better than did its predecessors,” the FHA reported. “At this stage in its seasoning, the 2009 book has claim rates that are less than half those seen at the same stage for the 2005-2008 books.”

The agency says that mortgage loans that were originated in 2007 and 2008 now only make up about 15 percent of their active profile. The delinquency rate for loans originated in 2007 is 22.44 percent and the delinquency rate for loans originated in 2008 is 19.65 percent. Loans originated before 2007 have a delinquency rate of 11.59 percent.

Almost half of all mortgage loans in its current active portfolio are loans that were originated between 2009 and 2011.

FHA provided a total of $72.1 billion in new insurance in the first quarter of 2011, up from $71.4 billion in the previous quarter, however, the agency says they expect insurance volumes to decline in the next quarter as the number loan originations also declined.

Compared to a year ago, FHA insurance in the first quarter of 2011 fell 33 percent which is attributed to a 44 percent decrease in home purchase originations and a 16 percent decease in refinance originations.

“FHA single-family insurance activity in the quarter was marked by a decline in home-purchase endorsements, which was mostly offset by an increase in refinance activity,” the FHA said. Still, dollar volumes in this quarter were more than 16 percent below the year-earlier period level of $86.4 billion, the agency added.

Tags: FHA, delinquency rate, quality mortgages, portfolio, mortgage loans, insuance volumes, home purchase originations, refinance originations

THINKING OF BUYING
A NEW CAR?


WE GIVE YOU THE INSIDE TIPS THAT
COULD SAVE YOU THOUSANDS.
What's the four square system? How much is your trade-in really worth and why those payments really do seem a little higher than you thought.
There's both advantages and disadvantages to leasing and buying depending on what you're planning to use your car for and how long you plan on keeping it.
Sure that low interest dealer financing sounds really attractive but there's a price to be paid for that. We spill the beans as to why getting your own financing may save you money.
Buying a car at a dealership hasn't changed much through the years but doing your research on the internet can you save you a lot of time and most importantly, a lot of money.
Calculate how much you can afford
BUYING OR SELLING A HOME IS A BIG DECISION
WE MAKE IT EASIER
Buying a home is a big decision. If you are not prepared, the decisions you make, the questions you don’t ask, and the details you miss could cost you thousands – in price, fees, financing, property issues, and home repairs.
Home loans can be confusing. There's a lot of options and we provide the information that makes it simple. Don't sign on that dotted line until you know. It could cost you.
FIND THE CREDIT CARD THAT'S RIGHT FOR YOU
THERE'S A CREDIT CARD FOR VIRTUALLY ANY SITUATION. FIND YOURS.
YOU'VE WORKED HARD TO BUILD YOUR DREAM

LEARN ABOUT THE LOAN OPTIONS AVAILABLE TO EXPAND YOUR BUSINESS