For the first time in more than five years, Freddie Mac's single-family seriously delinquent rate ticked below 2% to 1.98% in August 2014.
This is good news, meaning that fewer and fewer homeowners with mortgages backed by Freddie Mac are 90-days past due on their mortgage payments or in foreclosure.
This rate is substantially below the rate for the entire U.S. mortgage market, whose seriously delinquent rate was 4.8% at the end of the second quarter 2014, according the latest available data from the Mortgage Bankers Association's National Delinquency Survey.
While our delinquency rate is less than half what it was at its peak levels in 2010, it still means that approximately 200,000 homeowners are still struggling to make their payments. Keeping these families in their homes continues to be a top priority for Freddie Mac and we exhaust every workout option to do so. We helped more than 1 million homeowners avoid foreclosure since the crisis. Learn more about Our Commitment.
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