Here’s how much mortgage servicing Altisource Residential is offloading

Here’s how much mortgage servicing Altisource Residential is offloading

SEC filing reveals contract details with BSI Financial and Fay Servicing

DOJ fines JPMorgan Chase $50 million for robo-signing

Chase admits to misfiling mortgage documents

This is what justifies Texas economic pride

Happy Independence Day, Texas
W S

Freddie Mac delinquencies increase for first time since February

/ Print / Reprints /
| Share More
/ Text Size+
Freddie Mac's 90-plus day delinquency rate increased for the first time since February, according to the government sponsored enterprise's monthly summary. The delinquency rate for single-family residences was 3.82% in October, up from 3.8% in September. The delinquency rate for multifamily properties also increased, up to 0.44% in October from 0.35%; however, this is the second consecutive monthly increase in delinquencies on this type of property. One year ago, the delinquency rate for single-family residences backed by Freddie Mac was 3.65% and 0.18% for multifamily properties. That constitutes a 4.6% yearly increase in single-family delinquencies from 2009 and a 144.4% yearly increase in multifamily delinquencies. The 2007 vintage accounts for the most delinquencies, as 0.64% of these loans are between 60- and 90-days delinquent and 0.95% are more than 90-days delinquent. A total of 12,763 loans originated in 2007 are delinquent on Freddie Mac's books. Freddie Mac's most recent weekly mortgage rate survey indicated the rate for a 30-year fixed-mortgage rate increased for the first time in two months, up to 4.39%. Write to Christine Ricciardi.

Recent Articles by Christine Ricciardi

Comments powered by Disqus