Carlos called into The Ramsey Show with an embarrassing admission. He and his wife are in their 50s, they live in Miami, they have two high school aged children and one at the end of college. In 2020 they became debt free: No mortgage, no loans, no credit cards. Then “the world opened up again,” and he and his wife found themselves $30,000 in debt (1). Must Read The slide back into debt didn’t come from one emergency, it came from a series of lifestyle upgrades once pandemic restrictions were lifted. T ...

核心观点 - 美国止赎活动整体上升主要由联邦住房管理局贷款拖欠率攀升所驱动 这揭示了高收入与中低收入借款人之间日益扩大的经济分化 即K型经济复苏[1][4][5][7] 市场趋势与数据表现 - 2025年第三季度止赎启动数量同比上升23% 但仍比2019年第三季度疫情前水平低18%[3] - 2025年9月近12%的FHA借款人抵押贷款还款逾期 而所有抵押贷款持有人的逾期率仅为3.5%[3] - FHA贷款约占活跃抵押贷款的15% 但在最近一个季度却占止赎启动数量的近一半[8] - FHA贷款平均信用评分为677分 显著低于传统银行贷款769分的平均信用评分[9] 影响因素与借款人特征 - FHA贷款通常被年轻、中低收入及首次购房者用于购买价格较低的房产[7][9] - 导致FHA借款人压力的因素包括劳动力市场疲软、其他个人债务、税费及房屋保险费用上涨[9] - 近30%的FHA贷款持有人有未偿还的学生贷款 比其他类型抵押贷款持有人高出10个百分点以上 今年学生贷款还款恢复影响了部分借款人的预算[9] - 部分地区房价下跌可能削弱借款人出售或再融资的能力[9] 潜在市场影响 - FHA贷款止赎增加可能预示着更广泛的负担能力问题和全美范围内的财务压力[2] - 该趋势可能导致贷款标准收紧、房屋价值下降以及房地产市场不确定性增加[2]