FHA Home Mortgage Delinquencies Jump
Just reported that in the fourth quarter of 2016 the Federal Housing Authority reported that home mortgage delinquencies increased for the first time since 2006. It should be kept in mind that this home mortgage delinquency jump comes at a time when the FHA was seeing the lowest home mortgage delinquency rates since 1997!
It’s fair to say that the majority of economists were surprised by this home mortgage delinquency junp. Naturally, it’s way too soon to determine if this is just a blip or the start of an ominous trend. Read more