Fannie and Freddie: Single Family and Multi-Family Serious Delinquency Rates Increased in October

Today, in the Calculated Risk Real Estate Newsletter: Fannie and Freddie: Single Family and Multi-Family Serious Delinquency Rates Increased in October

Excerpt:

Single-family serious delinquencies increased slightly in October, and multi-family serious delinquencies increased.

Multi-Family Delinquencies Increased, Fannie Rate Matches Highest Since 2011 (ex-Pandemic)

Fannie Freddie Serious Deliquency RateFreddie Mac reported that the Single-Family serious delinquency rate in October was 0.55%, up from 0.54% September. Freddie’s rate is up slightly year-over-year from 0.54% in October 2023.  This is below the pre-pandemic lows.

Fannie Mae reported that the Single-Family serious delinquency rate in October was 0.52%, unchanged from 0.52% in September. The serious delinquency rate is down year-over-year from 0.53% in October 2023.  This is also below the pre-pandemic lows.

There is much more in the article.