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GSEs completed nearly 60,000 foreclosure prevention actions in Q1 2023: FHFA

Housing Wire

The serious delinquency rate also decreased to 0.6% at the end of Q1, “compared with 4.01% for Federal Housing Administration (FHA) loans, 2.26% for Veterans Affairs (VA) loans, and 1.73% for all loans (industry average),” the report said.

VA loan 357
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FHFA prevention actions surpassed 52K in Q4 2022

Housing Wire

Comparatively, the serious delinquency rate for Federal Housing Administration (FHA) loans was 4.4% in Q4, the Department of Veterans Affairs (VA) loans rate was at 2.43%, and at 1.89% for all loans based on the industry average.

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131 Real Estate Terms & Definitions Your Clients Expect You to Know in 2023

The Close

These real estate definitions will help you ensure you’re communicating with clients effectively. Furthermore, in today’s market, understanding our complex mortgage industry could actually help you close more deals and maybe even save clients money. Got Clients With Interest Rate Questions? Fixed-rate mortgage.