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Fannie Mae’s Delinquencies Continue Year-Long Decline

in Foreclosure, Government, Loss Mitigation, Market Studies, Secondary Market April 29, 2011 966 Views

""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.

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About Author: Carrie Bay

Carrie Bay is a freelance writer for DS News and its sister publication MReport. She served as online editor for DSNews.com from 2008 through 2011. Prior to joining DS News and the Five Star organization, she managed public relations, marketing, and media relations initiatives for several B2B companies in the financial services, technology, and telecommunications industries. She also wrote for retail and nonprofit organizations upon graduating from Texas A&M University with degrees in journalism and English.
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