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 (FNMA.OB) 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.
Fannie Mae's 'Seriously Delinquent' Loans Declining: A Trend?
Nov 2 2010, 03:47
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about: FNMA.OB
