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…
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