Sentences with phrase «prime loan delinquency»
The prime loan delinquency rate was 7.08 % so that gives you an idea how well the VA mortgages are performing sided by side with traditional good credit loans.
https://www.vahomemortgageloans.org/ Not exact matches
Even prime delinquencies are on the rise — Fitch Ratings» survey said that last month's prime auto loans were 21 percent more delinquent than in July 2015.
Source: Federal Reserve Bank of New York; Loan Performance; Mortgage Bankers Association * MBA delinquency data includes Alt - A in prime.
The growth in delinquencies on prime variable loans is also noteworthy in Graph 7 but this predominantly reflects higher arrears on Alt - A loans, which are categorised as prime loans in the Mortgage Bankers Association data used here.
For example, the study found lower delinquency rates (9 %) with near - prime alternative - financing borrowers who had eight or more alternative loans over the course of seven years.
Total delinquency rates and foreclosure starts fell from the previous quarter for most types of home loans, including prime fixed, prime adjustable - rate mortgage (ARM), sub-prime fixed and sub-prime ARM.
«The seasonally adjusted delinquency rate increased 47 basis points for prime loans (from 3.24 percent to 3.71 percent) and 148 basis points for subprime loans (from 17.31 percent to 18.79 percent).
«The delinquency rate,» says the MBA, «decreased 81 basis points for prime loans (from 7.10 percent to 6.29 percent), 79 basis points for subprime loans (from 27.02 percent to 26.23 percent), 67 basis points for FHA loans (from 13.29 percent to 12.62 percent) and 35 basis points for VA loans (from 7.79 percent to 7.44 percent).»
As a result, lenders continue to be misled into treating loan applicants with poor credit as prime - credit candidates — worsening already critical fraud and delinquency problems in the mortgage market.
As a result, lenders continue to be misled into treating loan applicants with poor credit as prime - credit candidates - worsening already critical fraud and delinquency problems in the mortgage market.
That risk was highlighted in March, when the Mortgage Bankers Association revealed that there had been a significant increase in delinquencies for all mortgage loans last year, including an increase of 10 basis points for prime loans, 170 basis points for sub-prime loans and 28 basis points for FHA loans.