Tag Archive for ‘FHA loans’

Mortgage Delinquencies Reach Historic Low

In the fourth quarter of 2019, the delinquency rate for mortgage loans on single-family homes1 decreased to 3.8% of all loans outstanding, according to the latest iteration of the Mortgage Bankers Association’s National Delinquency Survey. This is the lowest it has been since the series started in 1979. The delinquency rate includes loans that are at least one payment past… Read More ›

Seriously Delinquent Loans Increase

The Mortgage Bankers Association’s (MBA) latest National Delinquency Survey, 2nd quarter of 2019 data, reveal state-level variation in the timeliness of mortgage payments. Overall, the “seriously delinquent” rate, i.e., the proportion of home mortgage loans that are 90+ days delinquent or in the process of foreclosure, remained unchanged at 2.0% from the previous quarter1. The number of loans, however, in… Read More ›

FHA-Backed New Home Sales Increase 60% Year-over-Year

NAHB analysis of the most recent Quarterly Sales by Price and Financing published by the U.S. Census Bureau reveals that mortgages backed by the FHA made up 17.9% (32,000) of total sales (179,000), 7.3 percentage points higher than Q2 2018 (20,000). The FHA share is the highest it has been since the first quarter of 2013. Conventional loans accounted for… Read More ›

Among Government-Backed Home Loans, USDA Loans’ Average Size Spike

The latest data from the Mortgage Bankers Association’s Weekly Applications Survey show a decrease of 2.4% in fixed-rate mortgage applications on a seasonally adjusted basis from one week earlier. Currently, fixed-rate mortgages account for about 95% of all mortgage activity, with the rest of mortgage applications being adjustable-rate mortgages. While through most of June, refinancing activity was experiencing highs that… Read More ›

“Seriously Delinquent” Loans Decline

The quarterly National Delinquency Survey from the Mortgage Bankers Association shows a decline in the serious delinquency rate across all the categories of loans, continuing the downward trend that has persisted since the middle of the Great Recession. These categories of loans are Conventional loans, VA loans, and FHA-insured loans, for which the serious delinquency rates as of March 2019… Read More ›

Conventional Loan Market Share Hits 10-Year High

NAHB analysis of the most recent Quarterly Sales by Price and Financing published by the U.S. Census Bureau reveals that conventional loans accounted for 76.9% of new home sales in the fourth quarter of 2018, a 2.4-percentage point increase from Q3 2018. Although mortgage rates have moderated in 2019, the increase in conventional mortgage market share in late-2018 was contemporaneous… Read More ›

Conventional Loan Share Reaches Decade High

NAHB analysis of the most recent Quarterly Sales by Price and Financing published by the U.S. Census Bureau reveals that conventional loans accounted for 73.8% of new home sales in the first quarter of 2018, the highest share in a decade.  Conventional loans financed over three-quarters of new home sales in the second quarter of 2008 before steadily falling and bottoming out… Read More ›

Cash Sales Tie Post-Recession High

NAHB analysis of the most recent Quarterly Sales by Price and Financing published by the Census Bureau reveals that cash sales accounted for 11,000 new home sales in the fourth quarter of 2017. Cash purchases also accounted for 11,000 new home sales in Q2 2017, but only made up 6.5% of the total. In contrast, they made up 7.9% of purchases in… Read More ›