FHA Delinquencies Decline; More Quality Originations Cited
admin2011-03-21T04:00:19-07:00March 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. Read more...