Reverse Engineering Finance

FHA delinquency in MBS deteriorates in August

Monthly delinquency repurchases more than double in August

John Comiskey's avatar
John Comiskey
Sep 10, 2025
∙ Paid

FHA delinquency on loans in the GNMA II MBS pools, about 87% of the portfolio, continues to deteriorate into the October Loss Mitigation tightening/reckoning.

Lets take a look…

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