Past Loans Still Impacting FHA Delinquency Rate

Another round of foreclosures and delinquencies has once again put the FHA’s finances under scrutiny, as the agency’s boom-era loans continue to haunt its books.
According to the latest data from Lender Processing Services, lenders began foreclosure proceedings on 36,400 FHA-backed mortgages in April, which is twice the number from a year ago, according to a Bloomberg report on the agency’s loans.
Delinquencies have not fare much better, but the year of origination plays a huge role in the performance of the loans.�As of March, 26 percent of the FHA’s loans from ...

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