Fannie Mae reported that the Single-Family Serious Delinquency decreased to 1.62% in September, from 1.79% in August. The serious delinquency rate is down from 3.20% in September 2020. These are mortgage loans that are “three monthly payments or more past due or in foreclosure”. The Fannie Mae serious delinquency rate peaked in February 2010 at 5.59% following the housing bubble, and peaked at 3.32% in August 2020 during the pandemic. Click on graph for larger image By vintage , for loans made in 2004 or earlier (1% of portfolio), 4.25% are seriously delinquent (down from 4.47% in August)…….(read more)
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