"Ginnie Mae will temporarily exclude loans on TPPs when calculating delinquency ratios for compliance purposes until the volume of TPPs returns to expected levels."
"The national delinquency rate reached 3.72% in February, up 7 basis points from January and up 20 bps from a year earlier, with FHA mortgages accounting for over 80% of the rise."
"FHA delinquencies averaged 9.2% from October 2025 through February 2026, up 90 basis points from the prior year, while early-stage metrics remain stable."
Ginnie Mae announced the temporary exclusion of loans in Federal Housing Administration Trial Payment Plans from issuer delinquency calculations due to increased rates. The FHA's updated loss mitigation waterfall requires delinquent borrowers to complete TPPs before accessing final solutions. This has led to a rise in TPPs and issuer delinquency rates. Ginnie Mae anticipates that as the new policy matures, TPP volumes will normalize. Current data shows a national delinquency rate increase, primarily driven by FHA loans, but early-stage delinquency metrics remain stable.
Read at www.housingwire.com
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