Fannie Mae delinquencies down in July
The latest release of the Fannie Mae Monthly Summary indicated that all measures of single family delinquency continued to decline in July while remaining at distressed levels.
In July, 2.84% of non-credit enhanced loans went seriously delinquent while the level was 7.76% of credit enhanced loans resulting in an overall total single family delinquency of 3.50%.
This 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.
