FHA Loans Are Now 47.2% of Seriously Late Mortgages, the Highest Share in Over 20 Years
Key Takeaways FHA loans made up 47.2% of mortgages 60 days or more past due in the third quarter of 2026, the highest concentration in more than 20 years, according to TransUnion. The FHA delinquency rate reached 5.60%, up from 4.09% a year earlier, while performance on Fannie Mae, Freddie Mac, and jumbo loans remained stable. The overall borrower-level 60-day delinquency rate was 1.64%, up from 1.36% a year earlier, so late payments are rising in one corner of the market, not across all of it. Mortgage originations still rose 12.8% year over year to 1.5 million in the second quarter, and refinance volume rose about 40%. Mortgage trouble is not spreading evenly. It is piling up in FHA loans, the loans many first-time and low-down-payment buyers use. TransUnion released its Q3 2026 Credit Industry Insights Report on November 5, 2026. The report covers 54.7 million mortgage loans and $13.1 trillion in balances. The Late Payments Are Concentrated in FHA Loans Nearly half of mortgages 60 ...