Fannie and Freddie: Single Family Delinquency Rates Increased in September
Industry Update
October 30, 2026
Source: CalculatedRisk Newsletter
In general, single family delinquency rates are low but slowly increasing. Multi-family delinquency rates are high.
Freddie Mac reported that the Single-Family serious delinquency rate in September was 0.61%, up from 0.60% in July. Freddie’s rate is up year-over-year from 0.57% in September 2025. This is close to the pre-pandemic level of 0.60%.
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 rate in September was 0.62%, up from 0.60% in August. The serious delinquency rate is up year-over-year from 0.54% in September 2025, however, this rate is below the pre-pandemic lows of 0.65%.
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.
These are mortgage loans that are “three monthly payments or more past due or in foreclosure”. Mortgages in forbearance are being counted as delinquent in this monthly report but are not reported to the credit bureaus.
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