Delinquent home loans increase
In January, 3.08 percent of non-credit enhanced loans went seriously delinquent.
This Fannie Mae chart shows the percentage of "seriously delinquent loans" per total loans since 1998. The percentage has cooled off a bit since spiking in 2010.
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The latest release of the Fannie Mae Monthly Summary indicated that total serious single family delinquency increased slightly in January while remaining at distressed levels.
In January, 3.08% of non-credit enhanced loans went seriously delinquent while the level was 9.03% of credit enhanced loans resulting in an overall total single family delinquency of 3.90%.
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.