Fannie Mae reports decrease in delinquent loans
The percentage of overall total serious single family delinquency was 4.08 percent in June 2011. Though in decline, single family delinquency remains at distressed levels.
This chart shows the percentage of "serious delinquencies" per total number of loans from 2003 to mid-2011. Though in decline since 2010, delinquencies remain high.
SoldAtTheTop
The latest release of the Fannie Mae Monthly Summary indicated that for data through June, total serious single family delinquency declined while still remaining at distressed levels.
In June, 3.14% of non-credit enhanced loans went seriously delinquent while the level was 9.72% of credit enhanced loans resulting in an overall total single family delinquency of 4.08%.
The following charts (click for larger ultra-dynamic and surf-able chart) show 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.
Writer, The PaperEconomy Blog
'SoldAtTheTop' is not a pessimist by nature but a true skeptic and realist who prefers solid and sustained evidence of fundamental economic recovery to 'Goldilocks,' 'Green Shoots,' 'Mustard Seeds,' and wholesale speculation.
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