GSEs’ Single-Family Delinquency Rates Fall

GSEs’ Single-Family Delinquency Rates Fall

The percentage of home loans 90 or more days past due held by the nation’s two largest mortgage companies has declined yet again.

According to Fannie Mae’s latest monthly summary report, the GSE’s single-family serious delinquency rate fell 16 basis points in June to 4.99 percent. It’s the fourth straight month that Fannie has reported a decline and the first time since October 2009 that the rate has fallen below the 5 percent mark.

Freddie Mac’s monthly report shows that its serious delinquencies dropped 7 basis points to 3.89 percent in July. The rate has fallen for four out of the previous five months; it held flat during the month of May…

Please read the remainder of this article at DSNews.com.

Renee West
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Renee West

Broker Associate at Villa Real Estate
I'm a real estate broker associate in Newport Beach & Corona del Mar, CA, with Villa Real Estate.
Contact me at (714) 914 9060 or rwest@villarealestate.com for all your real estate wants and needs.
Renee West
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