Fannie and Freddie Serious Delinquencies in November
Industry Update
December 27, 2023
Source: Calculated Risk
Single-family serious delinquencies were mostly unchanged in November, however, multi-family serious delinquencies increased.
Freddie Mac reported that the Single-Family serious delinquency rate in November was 0.54%, unchanged from 0.54% October. Freddie’s rate is down year-over-year from 0.66% in November 2022. This is below the pre-pandemic lows. Freddie’s serious delinquency rate peaked in February 2010 at 4.20% following the housing bubble and peaked at 3.17% in August 2020 during the pandemic.
Fannie Mae reported that the Single-Family Serious Delinquency increased to 0.54% in November from 0.54% in October. The serious delinquency rate is down from 0.64% in November 2022. This is below the pre-pandemic lows. 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.
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