by Bill McBride on 1/28/2010 04:41:00 PM
Thursday, January 28, 2010
Earlier I posted the Freddie Mac delinquency graph.
And here is the monthly Fannie Mae hockey stick graph ... (note that Fannie releases delinquency data with a one month lag to Freddie).
Click on graph for larger image in new window.
Fannie Mae reported today that the rate of serious delinquencies - at least 90 days behind - for conventional loans in its single-family guarantee business increased to 5.29% in November, up from 4.98% in October - and up from 2.13% in November 2008.
"Includes seriously delinquent conventional single-family loans as a percent of the total number of conventional single-family loans."
Once again it is important to note these stats do include Home Affordable Modification Program (HAMP) loans in trial modifications.