Freddie Mac's single-family serious delinquency rate declined to 1.88% at December 31, 2014, reaching its lowest level since January 2009.
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 4.65% at the end of the third quarter 2014, according the latest available data from the Mortgage Bankers Association's National Delinquency Survey.
Keeping families in their homes continues to be a top priority for Freddie Mac and we exhaust every workout option to do so. We have helped more than 1 million struggling homeowners avoid foreclosure since the crisis. Learn more about Our Commitment.
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