Foreclosure Rates Rise for VA Loans
Compared with the third quarter of 2008, the foreclosure inventory rate increased 83 basis points for VA loans.
The non-seasonally adjusted foreclosure starts rate was 1.42%, an increase of six basis points from the second quarter of 2009 rate of 1.36%. The starts rate went up 19 basis points for VA loans from 0.68% to 0.87%. Over the past year, the rate increased 35 basis points overall and 28 basis points for VA loans.