Housing and Economic Recovery Act

Delinquency Rate on FHA-Insured Mortgages Increases 

At the end of February, 7.46 percent of the Federal Housing Administration’s single-family insurance-in-force was “seriously delinquent” — either 90 days delinquent, in foreclosure or bankruptcy. February’s rate of serious delinquencies is up considerably from the 6.16 percent seen at the same time last year, the Wall Street Journal first reported Tuesday.