The extreme delinquency fee on mortgage loans fell in August

by Threat calculated on 30/09/2022 16:11:00

Fannie Mae reported that main single-family delinquency rose from 0.76% in July to 0.72% in August. The intense crime fee is down from 1.79% in August 2021. It’s virtually again to pre-pandemic ranges.

These are mortgages which are “three or extra month-to-month funds overdue or in foreclosures.”

Fannie Mae’s severe crime fee peaked in February 2010 at 5.59% following the housing bubble and peaked at 3.32% in August 2020 throughout the pandemic.

Fannie Freddie Serious Offender RateClick on on the graphic to enlarge the picture

By classicfor loans granted in 2004 or earlier than (1% of the portfolio), 2.48% are critically delinquent (in comparison with 2.60% in July).

For loans granted from 2005 to 2008 (1% of the portfolio), 3.95% are severe offenders (towards 4.11%),

For latest loans, issued between 2009 and 2021 (98% of the portfolio), 0.57% are critically delinquent (in comparison with 0.60%). So Fannie continues to be engaged on a number of poorly performing loans from the bubble years.

Forbearance mortgages have been counted as overdue on this month-to-month report, however weren’t reported to the credit score bureaus.

Freddie Mac reported earlier.