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The Latest release of the Fannie Mae Monthly Summary for September indicated that according to data through August, total serious single family delinquency continued to decline.

This is a notable development, particularly in light of the fact that Fannie Mae’s (OTCQB:FNMA) serious delinquencies have been rising for over two years. However, more data is needed before any conclusions can be drawn as to the trend going forward.

In August, 3.55% of non-credit enhanced loans went seriously delinquent while the level was 10.96% of credit enhanced loans resulting in an overall total single family delinquency of 4.70%.

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.


Source: Fannie Mae's 'Seriously Delinquent' Loans Declining: A Trend?