Fannie Mae reports slower decline of seriously delinquent loans
The Latest release of the Fannie Mae Monthly Summary for December indicated that for data through November, total serious single family delinquency continued to declined though at a notably slower pace than in recent months.
In November, 3.42% of non-credit enhanced loans went seriously delinquent while the level was 10.54% of credit enhanced loans resulting in an overall total single family delinquency of 4.50%.
The following chart shows what Fannie Mae terms the count of “Seriously Delinquent” loans as a percentage of all loans on their books.
It’s important to understand that Fannie Mae does NOT segregate foreclosures from delinquent loans when reporting these numbers.
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