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FHA Default Rates Have Climbed Steadily.(United States Federal Housing Administration)(Brief Article)(Illustration)(Statistical Data Included)

Mortgage Servicing News

| October 01, 2002 | COPYRIGHT 2002 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

(part 1 of 2)

 
    Fiscal Year    FRM Default Rate 
 
    1993                      2.39% 
    1994                      2.26% 
    1995                      2.17% 
    1996                      2.71% 
    1997                      3.01% 
    1998                      3.13% 
    1999                      3.22% 
    2000                      3.35% 
    2001                      4.09% 
    2002                      4.58% 
 
 
    (part 2 of 2) 
 
    ARM Default Rate   Total Default Rate 
 
               1.14%                2.34% 
              ...

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Source: HighBeam Research, FHA Default Rates Have Climbed Steadily.(United States Federal...