2008 BUST ON STEROIDS – FHA delinquencies worse than during the crisis. Missed payments hidden in loan backlogs
FHA delinquencies are skyrocketing, 15.11% of all FHA mortgage purchase loans are now DELINQUENT. This excludes the loans artificially brought current by placing the missed payments to the back of the loan. In 4Q2007 FHA overall delinquencies were LOWER at …
