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Mortgage Delinquencies Surge, Highest Since 2022

Published 17 hours ago
Description

Mortgage delinquencies surge, with over 878,000 loans 90+ days past due or in foreclosure, a 25% increase in four months. FHA loans drive the rise, as homeowners struggle with affordability strains due to high rates, insurance costs, and tighter budgets. Delinquencies climb across all levels, with serious cases up 18% year-over-year. While still low compared to the financial crisis, these shifts indicate growing stress for borrowers, and lenders are closely monitoring the situation.

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