Dec 03, 2013
Fannie, Freddie, both report mortgage delinquency rate dropping
03 Dec 2013
Posted by Andrew Kantor
Both Fannie Mae and Freddie Mac report that the rate of serious mortgage delinquency — that is, the percentage of loans 90 or more days past due — continues to drop.
That’s still well above the typical serious delinquency rate of less than one percent, but it has been improving — it’s now at its lowest level since December 2008.
This chart, courtesy of Calculated Risk, makes it pretty clear (click to enlarge):