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by Peter G. Miller
March 9th, 2009

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This entry was posted on Monday, March 9th, 2009 at 2:32 am and is filed under . You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

2 Responses to “FHA Foreclosure Rates Lower Than Mortgages In General”

  1. Chandler Real Estate Says:

    Great stats to point out with respect to FHA loans. I estimate that these are about 70%+ of loans here in the Phoenix area right now so it is good to see that their performance is somewhat better in this case.

    I tend to think a month-to-month tracking of foreclosure rates is more telling given that the annualized comparisons still show a period not completely beset by foreclosures versus a period that is.

    Thanks for the great information again.

    David Lorti

  2. Frank Meyer Says:

    Whenever a mortgage insurance book puts on a huge new volume of loans, the delinquency and foreclosure rates both plummet, until that new cohort of loans has some time to age. Only experience broken out by age-of-loan will give a true picture.

    In particular, comparing the FHA total book delinquency and foreclosure rates with the MBA inventory delinquency and foreclosure rates gives a false picture of the relative riskiness of the two groups of loans, since the latter group has a much greater average age.

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