Fannie Mae: Mortgage Serious Delinquency Rate Decreased in May, Lowest Since July 2007

Fannie Mae reported that the Single-Family Serious Delinquency rate decreased to 0.70% in May, from 0.72% in April. The serious delinquency rate is down from 1.03% in May 2018. 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 rate for Fannie Mae since July 2007. Click on graph for larger image By vintage , for loans made in 2004 or earlier (3% of portfolio), 2.57% are seriously delinquent. For loans made in 2005 through 2008......(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

from Around The Web https://ift.tt/2xpAbAp
via IFTTT