The MBA reports mortgage delinquencies tracked closely with the nationwide unemployment rate in Q3, with an uptick in delinquencies across all loan types–with FHA’s portfolio experiencing the largest year-over-year increase.
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More Than 30 U.S. Metros Post Increase in YoY Delinquency Rates
While overall U.S. mortgage performance remained strong in June, Molly Boesel, Principal Economist for CoreLogic, notes that the impact from recent weather disasters will likely see impacted regions increase in the months to come.
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