The Federal Housing Administration (FHA) plays a critical role in the housing market by guaranteeing financing to underserved portions of the population and by providing support to the broader housing market during cyclical downturns. In late 2016, a measure of delinquency hinted at budding stress for the FHA, but recent data suggests that conditions have […]... Read More
The 90-day delinquency rate has begun to fall in many markets across the United States. Modest price growth in roughly half of the markets monitored by NAR Research coupled with declining unemployment rates have helped to draw down the flow of delinquent properties into foreclosure. Cities in the Midwest have performed particularly well as they […]... Read More
There were several interesting insights published in last week’s report from the Office of the Comptroller of the Currency. In particular, the share of loan modifications that incorporate principle reduction has grown steadily over the last year. Typically an investor, bank or agency will choose a combination of changes to a loan in an attempt […]... Read More
To better understand how the change in loan limits would impact local markets, NAR Research looked at FHA purchase loans originated between January 1, 2011 and September 30, 2011 (the last day prior to the new limits). Of the 10 counties with the largest number of FHA purchase loans originated above the new limits in […]... Read More
The 60-day delinquency rate in Baton Rouge is down over the 6-month period ending in May as well as compared to the same time in 2010.
While the US shows a steadier and sharper decline, the national 60-day delinquency rate is higher than that of Baton Rouge.
Interested in how your market has performed? See NAR Research’s […]