Negative equity is worsening for FHA and VA mortgages originated from 2022 onward, pointing to rising stress in recent low-down-payment lending. Rick Palacios J

Negative equity is worsening for FHA and VA mortgages originated from 2022 onward, pointing to rising stress in recent low-down-payment lending. Rick Palacios Jr. says exposure may be understated if many loans financed new homes sold with temporary rate buydowns.