Fannie Mae: Mortgage Serious Delinquency rate decreased in August, Lowest since Sept 2007

Fannie Mae reported that the Single-Family Serious Delinquency rate decreased to 0.82% in August, down from 0.88% in July. The serious delinquency rate is down from 0.99% in August 2017. 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%. This is the lowest serious delinquency for Fannie Mae since September 2007. Click on graph for larger image By vintage , for loans made in 2004 or earlier (3% of portfolio), 2.71% are seriously delinquent. For loans made in 2005......(read more)

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