Fannie Mae: Mortgage Serious Delinquency rate declined in March, Lowest since June 2008

Fannie Mae reported today that the Single-Family Serious Delinquency rate declined in March to 1.44%, down from 1.52% in February. The serious delinquency rate is down from 1.78% in March 2015. This is the lowest rate since June 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 has not reported for March yet. Click on graph for larger image The Fannie Mae serious delinquency rate has only fallen 0.34 percentage points over the last year - the......(read more)

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