from Calculated threat on 12/28/2022 4:41 p.m
Fannie Mae reported that critical crime in particular person households fell to 0.64% in November from 0.67% in October. The intense crime fee has fallen from 1.33% in November 2021. That is barely under pre-pandemic lows.
These are mortgage loans which are “three month-to-month funds or extra overdue or in foreclosures.”
Fannie Mae’s critical crime fee peaked at 5.59% in February 2010 after the housing bubble and peaked at 3.32% in August 2020 throughout the pandemic.
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By classicOf loans originated in 2004 or earlier (1% of the portfolio), 2.15% are critically delinquent (vs. 2.34% in October).
For loans granted within the years 2005 to 2008 (1% of portfolio), 3.49% are critical criminals (of three.71%),
Forbearance mortgages have been counted as overdue on this month-to-month report however weren’t reported to the credit score bureaus.
Freddie Mac reported earlier.
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