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Fannie Mae reports decrease in delinquent loans

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(Read caption) 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.

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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.