Loans For 1st-Time Homebuyers See Record Delinquencies

NPR, Aug. 18, 2020–Chris Arnold
FHA mortgages are a path to homeownership for many lower-income, minority and first-time homebuyers. But many are clearly in financial trouble. The Mortgage Bankers Association says nearly 16% of Federal Housing Administration-insured loans are delinquent–the highest level in records going back to 1979.
https://www.npr.org/sections/coronavirus-live-updates/2020/08/18/903524495/a-record-number-of-homeowners-with-fha-loans-are-late-on-payments