Fannie Mae: Mortgage Serious Delinquency rate declined in September, Lowest since August 2008

Fannie Mae reported today that the Single-Family Serious Delinquency rate declined in September to 1.59% from 1.62% in August. The serious delinquency rate is down from 1.96% in September 2014, and this is the lowest level since August 2008. The Fannie Mae serious delinquency rate peaked in February 2010 at 5.59%. Note: These are mortgage loans that are "three monthly payments or more past due or in foreclosure". Note: Freddie Mac reported last week. Click on graph for larger image The Fannie Mae serious delinquency rate has only fallen 0.37 percentage points over the last year - the pace of......(read more)

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