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December 22, 2015

Serious Delinquency Rate at 7 Year Low

Notable

Freddie Mac's single-family serious delinquency rate declined to 1.36% in November 2015, reaching its lowest level since October 2008.  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 serious delinquency rate for single-family homes was 3.57% at the end of the third quarter 2015, 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 1.1 million struggling homeowners avoid foreclosure since the crisis. Learn more about what we're doing to Move Housing Forward

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