Fannie Mae Delinquencies: August Still At Distressed Levels

 |  About: Fannie Mae (FNMA)
by: Sold At The Top

The latest release of the Fannie Mae (pdf) (OTCQB:FNMA) Monthly Summary indicated that total serious single family delinquency declined while still remaining at distressed levels.

In August, 3.10% of non-credit enhanced loans went seriously delinquent while the level was 9.57% of credit enhanced loans resulting in an overall total single family delinquency of 4.03%.

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.