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Fannie Mae: delinquent loans dropping

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(Read caption) This chart shows the rate of seriously delinquent single family loans since 2003. Since peaking in 2010, the rate of delinquent loans has dropped considerably, but remains high.

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The latest release of the Fannie Mae Monthly Summary indicated that total serious single family delinquency declined slightly in March while remaining at distressed levels.

In March, 2.93% of non-credit enhanced loans went seriously delinquent while the level was 8.35% of credit enhanced loans resulting in an overall total single family delinquency of 3.67%.

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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.

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It’s important to understand that Fannie Mae does NOT segregate foreclosures from delinquent loans when reporting these numbers.