The delinquency rate for home loans from state housing finance agencies (HFA) for the first time is higher than the rate for mortgages from other sources, according to Standard & Poor’s. S&P reports that as of the third quarter of 2010, 7.12% of HFA mortgages were 60 days or more delinquent, compared with an average 6.97% for all mortgage loans in a state. S&P said nearly 75% of the 24 state HFAs saw increases in delinquency rates in the third quarter.

Click here to read the story from Housing Wire.