FHA default rate rising# Stock
N*n
1 楼
The share of borrowers who are falling seriously behind on loans backed by
the Federal Housing Administration jumped by more than a third in the past
year, foreshadowing a crush of foreclosures that could further buffet an
agency vital to the housing market's recovery.
About 9.1 percent of FHA borrowers had missed at least three payments as of
December, up from 6.5 percent a year ago, the agency's figures show.
Although the FHA's default rate has been climbing for months and eating into
the agen
the Federal Housing Administration jumped by more than a third in the past
year, foreshadowing a crush of foreclosures that could further buffet an
agency vital to the housing market's recovery.
About 9.1 percent of FHA borrowers had missed at least three payments as of
December, up from 6.5 percent a year ago, the agency's figures show.
Although the FHA's default rate has been climbing for months and eating into
the agen