After hitting a historic low point in 2023, mortgage delinquency rates have been climbing rapidly in recent quarters, particularly within the Federal Housing Administration (FHA) portfolio. The shift is being driven by a combination of factors, including macroeconomic pressures, the impact of natural disasters, and rising property insurance premiums and taxes.

Certain borrower groups are especially vulnerable, including those with lower credit scores, higher debt-to-income ratios and those who opted for more affordable loan products. Similarly, some borrowers who transitioned from COVID-19 forbearance plans into workout options details ⇒

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