CoreLogic: Foreclosures down more than 25% since August 2014

CoreLogic: Foreclosures down more than 25% since August 2014

Foreclosure pipeline of legacy loans remains elevated

Here’s how TRID is changing the mortgage industry

Up and down the pipeline things are changing

Monday Morning Cup of Coffee: Is Fed, housing policy at a crossroads?

Plus why private investors don’t want to buy mortgages, TRID and more

Fannie Mae serious delinquencies lowest since 2009

/ Print / Reprints /
| Share More
/ Text Size+
The serious delinquency rate on mortgages backed by Fannie Mae dropped to 4%, the lowest level since June 2009. The rate fell every month since the 5.59% peak in February 2009 except for July when it went unchanged. Fannie said the rate fell 3 basis points from August. Fannie purchases from lenders and servicers totaled $55.3 billion in September, up 24% from the previous month but down 33% from the same month last year. It is the highest volume since the $57 billion reported in March. Fannie's gross mortgage portfolio dropped to $722.1 billion in September, down 10% from one year ago. Under the conservatorship agreements established in September 2008, the Treasury Department capped this portfolio at $900 billion at the end of 2009 and scheduled it to be wound down by 10% each year, reaching $250 billion by 2018. Write to Jon Prior. Follow him on Twitter @JonAPrior.

Recent Articles by Jon Prior

Comments powered by Disqus