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Fannie Mae: delinquent loans dropping

Total serious single family delinquency declined slightly in March, but remained at distressed levels.

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This chart shows the rate of seriously delinquent single family loans since 2003. Since peaking in 2010, the rate of delinquent loans has dropped considerably, but remains high.

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

In March, 2.93% of non-credit enhanced loans went seriously delinquent while the level was 8.35% of credit enhanced loans resulting in an overall total single family delinquency of 3.67%.

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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