Fannie Mae: Mortgage Serious Delinquency rate declined in December

Tuesday: • All day: Light vehicle sales for January. The consensus is for light vehicle sales to increase to 17.5 million SAAR in January from 17.2 million in December (Seasonally Adjusted Annual Rate). Fannie Mae reported today that the Single-Family Serious Delinquency rate declined in December to 1.55% from 1.58% in November. The serious delinquency rate is down from 1.89% in December 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 ......(read more)

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