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by Calculated Danger on 4/26/2023 01:37:00 PM
Freddie Mac reported that the Single-Family members significant delinquency rate in March was .62%, down from .65% February. Freddie’s amount is down yr-in excess of-12 months from .92% in March 2022.
Freddie’s critical delinquency amount peaked in February 2010 at 4.20% pursuing the housing bubble and peaked at 3.17% in August 2020 for the duration of the pandemic.
These are mortgage financial loans that are “three regular payments or additional earlier due or in foreclosure”.
Simply click on graph for greater image
Home loans in forbearance are staying counted as delinquent in this month-to-month report but are not described to the credit rating bureaus.
The critical delinquency charge was at .60% just prior to the pandemic this is just about back again to that amount.
Take note that multi-household delinquencies have been escalating and were at .13% in March, up from .08% in March 2022.
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