Fannie and Freddie: Single Family Serious Delinquency Rate Ticked Up in August
Industry Update
September 27, 2024
Source: Calculated Risk
Single-family serious delinquencies increased slightly in August, and multi-family serious delinquencies decreased slightly.
Freddie Mac reported that the Single-Family serious delinquency rate in August was 0.52%, up from 0.51% June. Freddie’s rate is down year-over-year from 0.55% in August 2023. 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 rate in August was 0.50%, up from 0.49% in July. The serious delinquency rate is down year-over-year from 0.53% in August 2023. This is also 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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