The latest release of the Fannie Mae Monthly Summary indicated that total serious single family delinquency declined slightly while still remaining at distressed levels.
In September, 3.10% of non-credit enhanced loans went seriously delinquent while the level was 9.43% of credit enhanced loans resulting in an overall total single family delinquency of 4%.
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.
