Within the next few days a crucial audit will be released on the Federal Housing Admnistration’s (FHA) mutual mortgage insurance fund, but recent figures released by the agency indicate that late payments are headed in the wrong direction.

The FHA ended fiscal year 2012 with 739,000 single-family loans that were 90 days or more past due, a 16% jump from fiscal year 2011.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.