Prior to the COVID shut down, US 2 year FHA Seriously Delinquent loans were 34,813 (1.85%) of Originating loans.
Q3 2020 Seriously delinquent loans are 150,714 (7.88%). Increase of 432% to Pre COVID level.
Seriously delinquent loans that are >90 days delinquent as reported by the servicing lender.