Are record-low interest rates masking high-cost mortgage lending?

Are record-low interest rates masking high-cost mortgage lending?

Five leading economists weigh in and the answer may surprise you

Auction.com partners with Google to predict housing trends

Nowcast will predict in real time

The New York Times rambles, and mangles mortgages along the way

Mortgage finance and mortgage regulation aren’t the paper’s strong suits
W S
Investments / The Ticker

Fannie Mae: Single-family serious delinquency rate falls to 3.35% in October

/ Print / Reprints /
| Share More
/ Text Size+

The conventional single-family serious delinquency rate fell six basis points to 3.35% in October, compared to 3.41% in September and 4% from the previous year, according to Fannie Mae’s monthly summary.

The multifamily serious delinquency rate remained unchanged at 0.28% from last month, and was down from 0.58% last year.

Fannie Mae completed 14,511 loan modifications, totaling 138,211 over the past ten months.

In October, the government-sponsored enterprise’s gross mortgage portfolio declined at a compound annualized rate of 19.3%. 

The book of business remained essentially flat, declining at a compound annualized rate of 0.03%. Also, the effective duration gap of the GSEs' portfolio averaged zero months in October. 

The monthly report summary contains information about Fannie Mae’s monthly and year-to-date activities including mortgage-backed securities, interest-rate risk measures and serious delinquency rates. 

cmlynski@housingwire.com

Recent Articles by HousingWire Staff

Comments powered by Disqus