Lacy O'Leary
According to recent data from the Mortgage Bankers Association’s National Delinquency Survey (NDS), the overall delinquency rate for all types of loans rose to 4.42%, after previously being at an 18-year low. Breaking it down, the delinquency rate for conventional loans increased 27 basis points to 3.46%, the FHA delinquency rate increased 28 basis points to 8.93%, and the VA delinquency rate increased by 66 basis points to 4.37%. The overall delinquency rate rose to 4.42 percent, after previously being at an 18-year low.
Click here to read the full report at the Mortgage Bankers Association.