by calculated risk 2024/10/30 12:38:00 PM
In today’s Calculated Risk Real Estate newsletter: Fannie and Freddie: Serious delinquency rates for single-person and multifamily households increase in September
excerpt:
In September, there was a slight increase in serious delinquency among single-person households, and an increase in serious delinquency among multiple households.
Freddie Mac reported that the serious delinquency rate for single-person households was 0.54% in September, up from 0.52% in August. Freddie’s interest rate has decreased slightly year-on-year from 0.55% in September 2023. This is below pre-pandemic lows.
Freddie’s severe delinquency rate peaked at 4.20% in February 2010 after the housing bubble and at 3.17% in August 2020 during the pandemic. Fannie Mae reported that the serious delinquency rate for single-person households was 0.52% in September, up from 0.50% in August. . The serious delinquency rate is down year-over-year from 0.54% in September 2023. This is also below pre-pandemic lows.
Fannie Mae’s severe delinquency rate peaked at 5.59% in February 2010, after the housing bubble, and 3.32% in August 2020, during the pandemic.
