Page 8 - மேத்யூ பேச்சாளர் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

6/30/2021 04:38:00 PM Fannie Mae reported that the Single-Family Serious Delinquency decreased to 2.25% in May, from 2.38% in April. The serious delinquency rate is up from 0.89% in May 2020. These are mortgage loans that are three monthly payments or more past due or in foreclosure . The Fannie Mae serious delinquency rate peaked in February 2010 at 5.59% following the housing bubble, and peaked at 3.32% in August 2020 during the pandemic. Click on graph for larger image By vintage, for loans made in 2004 or earlier (2% of portfolio), 5.27% are seriously delinquent (down from 5.44% in April). For loans made in 2005 through 2008 (2% of portfolio), 9.09% are seriously delinquent (down from 9.33%), For recent loans, originated in 2009 through 2021 (96% of portfolio), 1.82% are seriously delinquent (down from 1.94%). So Fannie is still working through a few poor performing loans from the bubble years.

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