In July 17% of FHA’s 8 million loans were delinquent, loans in forbearance, also during the month, 10.5% of FHA’s loans were seriously delinquent.
In April the share of loans that became delinquent outpaced anything experienced during the Great Recession, during the month 3.4% of mortgages went 30 days past due–outpacing the 2% high recorded in 2008.