Freddie Mac: Mortgage Serious Delinquency rate declined in December, Lowest since September 2008

Freddie Mac reported that the Single-Family serious delinquency rate declined in December to 1.32%, down from 1.36% in November. Freddie's rate is down from 1.88% in December 2014, and the rate in December was the lowest level since September 2008. Freddie's serious delinquency rate peaked in February 2010 at 4.20%. These are mortgage loans that are "three monthly payments or more past due or in foreclosure".  Note: Fannie Mae is expected to report early next week. Click on graph for larger image Although the rate is declining, the "normal" serious delinquency rate is under......(read more)

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