FHA delinquencies rise above 11%

Mortgage delinquency rates increased in the most recent quarter, with Federal Housing Administration-backed distress spiking to multiyear highs, according to the latest industry report. 

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Delinquencies increased to 4.26% in the fourth quarter on a seasonally adjusted basis, jumping up 27 points three months earlier, with upticks observed across all leading loan types. Year…