Mortgage Delinquences Spike – First Time Since 2006
In the fourth quarter of 2016, FHA mortgage deinquences spiked for the first time in 10 years. In Q3 2016, FHA delinquences were 8.3% and the lowest since 1997. However, in Q4 2016, the delinquencies increased to 9.02% according to the Mortgage Bankers Association. These delinquencies are a result of…