Jay Hancock's blog: How many delinquencies are on new mortgages …
The number of FHA loans outstanding has increased by about 1.1 million over the last year. This increase in the denominator depresses the delinquency and foreclosure percentages. If we assume these newly-originated loans are not the …
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Jay Hancock's blog: How many delinquencies are on new mortgages …
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Tags:
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denominator,
FHA,
FHA,
FHA Foreclosure,
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increase,
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Tags:
assume-these,
delinquency,
denominator,
FHA,
FHA Foreclosure,
increase,
loans-outstanding,
million-over,
over-the-last,
the-denominator,
the-last
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Most of the post-bubble hangover is concentrated in states where home prices soared, then fell back to earth, leaving many homeowners with negative equity ? houses worth less than their mortgages. It's no accident that Florida, Nevada and Arizona lead the nation in both negative equity and mortgage delinquencies; prices more than doubled in Miami, Las Vegas and Phoenix, and have subsequently suffered some of the biggest declines. Posted by Jay Hancock at 12:07 PM ...