Freddie Mac: Mortgage Serious Delinquency Rate increased in April

Freddie Mac reported that the Single-Family serious delinquency rate in April was 0.64%, up from 0.60% in March. Freddie's rate is down from 0.65% in April 2019. This is the highest serious delinquency rate since last April. 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".  Click on graph for larger image With COVID-19, this rate will increase significantly in a few months (it takes time since these are mortgage three months or more past due). Note: Fannie Mae will......(read more)

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