Fannie Mae: Mortgage Serious Delinquency Rate decreased slightly in October

Fannie Mae reported that the Single-Family Serious Delinquency decreased slightly to 0.67% in October, from 0.68% in September. The serious delinquency rate is down from 0.79% in October 2018.

These are mortgage loans that are “three monthly payments or more past due or in foreclosure”. 

This matches the delinquency rate in July and August of this year, as the lowest serious delinquency rate for Fannie Mae since June 2007.

The Fannie Mae serious delinquency rate peaked in February 2010 at 5.59%.

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