Sunday, March 18, 2007
Delinquency Rate for FHA Loans Reach New Record
Apparently its not just the sub-prime market that is having problems. According to the Mortgage Bankers Association, the delinquency rate for FHA loans reached a new record in the last quarter of 2006. They said that the delinquencies for all loans, including prime, subprime, FHA, and VA loans, increased on a quarterly and annual basis.
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