Mortgage delinquencies Tuesday, February 01, 2005 Mortgage delinquencies down for conventional loans, but up in other categories Mortgage delinquencies for conventional loans in 2003 dropped from the 2002 figures, according to the latest numbers available to mortgage bankers. Arthur Cox, director of the Real Estate Education Program at the University of Northern Iowa, says that it looks like the figures may have dropped again for 2004. While he's not quite sure why this is happening, Cox says it's interesting to note the delinquency rate on FHA (Federal Housing Administration) loans is way above the rate on conventional loans, and is even higher than that on sub-prime loans -- loans to people whose credit reports may be weak because they have missed payments on credit cards or had some other negative impact on their credit rating. Cox says the reason for underwriting standards is to try to screen out bad borrowers -- those at a greater risk to default. He says one possible conclusion analysts could draw is that the FHA standards may be too lenient. Quelle "Mortgage delinquencies" : General Main page for "Mortgage delinquencies"