Tuesday, April 12, 2011

Fannie Mae Delinquencies: February 2011

The latest release of the Fannie Mae Monthly Summary indicated that for data through January, total serious single family delinquency continued to declined though at a notably slower pace than in recent months.

In January, 3.38% of non-credit enhanced loans went seriously delinquent while the level was 10.55% of credit enhanced loans resulting in an overall total single family delinquency of 4.45%.

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.