home *** CD-ROM | disk | FTP | other *** search
- Mortgage Delinquency & Foreclosure Rates & Private & Government Mortgage Insurance:1970-1987 (in percent, except as indicated) Item 1970 1975 1980 1985 1987
-
- Delinquency rates:(1)
- Total 3.13 4.37 4.97 5.84 4.97
- Conventional loans 1.74 2.71 3.09 4.05 3.15
- VA loans 3.03 4.17 5.33 6.63 6.21
- FHA loans 3.65 5.45 6.56 7.46 6.56
- Foreclosure rates:(2)
- Total .33 .38 .38 .81 1.06
- Conventional loans .08 .16 .17 .61 .67
- VA loans .50 .36 .46 .88 1.28
- FHA loans .40 .46 .53 1.01 1.44
-
- Claims paid by private
- mortgage insurers(3)(mil.dol.) (NA) (NA) 58.7 971.1 (NA)
-
- Mortgage insurance outstanding:(4)
- Private (bil.dol.) 7.3 40.0 105.3 223.7(5)224.2
- Government (bil.dol.) 97.3 127.7 195.2 288.8 (NA)
-
-
- NA=Not available.
- 1. Number of loans delinquent 30 days or more as percentage of mort-
- gage loans serviced in survey. Annual average quarterly figures,
- seasonally adjusted.
- 2. Percentage of loans in the foreclosure process at yearend, not
- seasonally adjusted.
- 3. Source:Mortgage Insurance Companies of America, Washington, D.C.
- 4. Source:U.S. League of Savings Institutions, Washington, D.C.
- 5. Preliminary.
-
- Source:Except as noted, Mortgage Bankers Association of America,
- Washington, D.C.
-