VA Loans seem to be performing better than others in this Economy...
VA mortgages have performed relatively better than the other types of mortgages. Since 2007 when particularly subprime, but also prime mortgages, experienced spike in delinquencies, the share of delinquent VA mortgages increased only slightly, from 5.61 percent to 7.9 percent in the second quarter 2010. Over the past decade, VA mortgages delinquencies averaged about 7.3 percent. Conversely, FHA mortgages experienced on average 12 percent delinquency rate, while conventional prime averaged 3 percent. However, the spike in delinquencies among those mortgages far outpaces the spike VA mortgages have seen.
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