bee Calculated Risk On 3/04/2025 09:38:00 AM
Today, in the calculated Risk Real Estate Newsletter: Fannie and Freddie: Single Family Serious Delinquency Rates increased in January
ExcerPT:
Freddie Mac reported that the single-family serious delinquency rate in January was 0.61%, up from 0.59% December. Freddie's Rate is Up Year-Over-Year from 0.55% in January 2024, however, this is close to the pre-Pandemic level of 0.60%.
Some of the recent increase in the 90+ day delinquency rate is probably related to the hurricanes last year.
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 January was 0.57%, up from 0.56% in December. The serious delinquency rate is up year-over-year from 0.54% in January 2024, however, this 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.