As FHA Delinquencies Rise Sharply in Puerto Rico, Ginnie Mae is Keeping a Close Eye on MBS Issuers
February 9, 2018
At yearend, 28.8 percent of FHA mortgages in Puerto Rico were in some stage of delinquency, including 15.8 percent that were 90 days or more past due. These ultra-high late-payment readings – courtesy of hurricanes Maria and Irma – have caught the attention of both Ginnie Mae and the FHA. …