Home loan delinquency rate falls in second quarter

Survey: Modest increase in late payments for subprime, FHA loans

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A survey of more than 42.5 million loans nationwide suggests that overall, homeowners are keeping up with their mortgage payments even as interest rates go up and their property appreciates more slowly.

The Mortgage Bankers Association’s quarterly survey of delinquent home loans shows a modest increase in the percentage of borrowers who are behind on payments of prime, subprime and FHA loans.

But the overall delinquency rate fell 2 basis points to 4.39 percent compared to last quarter — a reduction attributed to “significant decreases” in the delinquency rate for VA loans an