FHA loan delinquencies hit 10.4%, unemployment cited by 11% of borrowers, highest in 16 years.

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As of January 2024, the delinquency rate for FHA loans reached 10.4%, marking the highest level in 16 years. Additionally, 11% of borrowers cited unemployment as the reason for their delinquency.

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Sources:

www.hud.gov/sites/dfiles/Housing/images/FHALPT_Jan2024.pdf

www.hud.gov/sites/dfiles/Housing/images/FHALPT_Dec2021.pdf

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