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Loan delinquencies drop; still at critical levels

The latest release of the Fannie Mae indicated that total serious single family delinquency declined slightly while still remaining at distressed levels.

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This chart shows the rate of serious Fannie Mae delinquencies per number of total loans since 2003. Numbers peaked in 2010 and still remain at high levels.

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.

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