""Fannie Mae"":http://www.fanniemae.com has released new details on its book of business, which shows the share of mortgages it owns or guarantees that's past due by three months or longer has been on a steady decline for a year now.
The nation's largest mortgage company reported that its seriously delinquent rate on single-family mortgage loans slipped to 4.44 percent in February of this year. That's down just 1 basis point from 4.45 percent in January, but it marks the 12th straight month that the rate has decreased.
In February 2010, the GSE's seriously delinquent rate stood at 5.59 percent, and it's dropped every month since.[COLUMN_BREAK] [IMAGE]