HFA Delinquency Rates Continue Rise

Seriously delinquent loan-payment rates in HFA whole loan programs reached a five year high of 5.27% as of June 30, wrote associate analyst Richard Kubanik and other Moody’s analysts. The agency defines seriously delinquent loans as those that are 90 or more days delinquent or in foreclosure.

The current level of serious delinquency is a 45% increase from June 30, 2009, when the level was 3.63%. It is also a 6% increase from June 30, 2011, when the level was 4.98%.

–  Bond Buyer

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s