Freddie Mac Serious Delinquency Rate Unchanged in January; Fannie Mae Decreased Slightly
Industry Update
February 27, 2023
Source: www.calculatedriskblog.com
Freddie Mac reported that the Single-Family serious delinquency rate in January was 0.66%, unchanged from 0.66% December. Freddie’s rate is down year-over-year from 1.06% in January 2022.
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 decreased to 0.64% in January from 0.65% in December. The serious delinquency rate is down from 1.17% in January 2022. This is at 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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