Fannie Mae reports slower decline of seriously delinquent loans
December's monthly report shows total serious single family delinquency is still falling, but at a slower rate.
Fannie Mae's monthly report from December includes data through November of 2010. The rate of seriously delinquent loans has declined sharply since February of last year, but the latest data shows it is declining at a slower pace than it has been in recent months.
SoldAtTheTop
The Latest release of the Fannie Mae Monthly Summary for December indicated that for data through November, total serious single family delinquency continued to declined though at a notably slower pace than in recent months.
In November, 3.42% of non-credit enhanced loans went seriously delinquent while the level was 10.54% of credit enhanced loans resulting in an overall total single family delinquency of 4.50%.
The following chart shows 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.
Add/view comments on this post.
------------------------------
The Christian Science Monitor has assembled a diverse group of the best economy-related bloggers out there. Our guest bloggers are not employed or directed by the Monitor and the views expressed are the bloggers' own, as is responsibility for the content of their blogs. To contact us about a blogger, click here. To add or view a comment on a guest blog, please go to the blogger's own site by clicking on the link above.