Fannie Mae reports slower decline of seriously delinquent loans(Read article summary)
December's monthly report shows total serious single family delinquency is still falling, but at a slower rate.
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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