Another sign that FHA loans are experiencing trouble….

I’ve said it before, but I’ll say it again, over the next 12 to 18 months, we’re going to see a substantial tightening in the credit requirements for FHA loans due to the increasing losses.

If you need an FHA loan to accomplish your real estate plans, do them sooner rather than later.

Calculated Risk: FHA Mortgage Defaults Increase

… A spokesman for the FHA said 7.5% of FHA loans were “seriously delinquent” at the end of February, up from 6.2% a year earlier. Seriously delinquent includes loans that are 90 days or more overdue, in the foreclosure process or in bankruptcy.

FHA Loans