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You may have seen headlines about foreclosures rising, but here’s the truth.
Foreclosure headlines sound scary, but the data tells a calmer story.
Yes, FHA loans are showing more late payments than normal, but delinquencies across all other loan types remain stable.
And since FHA loans are only about 12% of mortgages nationwide, this isn’t the start of a new crisis.
Of course, no one wants to see anyone face the challenges of foreclosure. But the big picture: there isn’t a big wave of foreclosures coming, and the broader market looks nothing like 2008.
#Foreclosures #HousingMarketUpdate #KeepingCurrentMatters
