Stock Market Cafe
  • Home
  • Trading News
  • Email Whitelisting
  • Privacy Policy
  • Home
  • Trading News
  • Email Whitelisting
  • Privacy Policy
No Result
View All Result
Stock Market Cafe
No Result
View All Result
Home Trading News

Freddie Mac: Mortgage Serious Delinquency Rate decreased in October

by
November 23, 2021
in Trading News
0
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

RELATED POSTS

German road traffic agency says 59,000 Tesla vehicles have software glitch

Mark Zuckerberg issues dire economic warning to Facebook and other Meta employees

by Calculated Risk on 11/23/2021 05:43:00 PM

Freddie Mac reported that the Single-Family serious delinquency rate in October was 1.32%, down from 1.46% in September. Freddie’s rate is down year-over-year from 2.89% in October 2020.

Freddie’s serious delinquency rate peaked in February 2010 at 4.20% following the housing bubble, and peaked at 3.17% in August 2020 during the pandemic.

These are mortgage loans that are “three monthly payments or more past due or in foreclosure”.

Click on graph for larger image

Mortgages in forbearance are being counted as delinquent in this monthly report, but they will not be reported to the credit bureaus.

This is very different from the increase in delinquencies following the housing bubble. Lending standards have been fairly solid over the last decade, and most of these homeowners have equity in their homes – and they will be able to restructure their loans once (if) they are employed.

Also – for multifamily – delinquencies were at 0.10%, down from the peak of 0.20% in April 2021.

ShareTweetPin

Related Posts

German road traffic agency says 59,000 Tesla vehicles have software glitch

by
July 3, 2022
0

In this article TSLA Tesla CEO Elon Musk speaks during the official opening of the new Tesla electric car manufacturing...

Mark Zuckerberg issues dire economic warning to Facebook and other Meta employees

by
July 3, 2022
0

Mark Zuckerberg has issued a chilling message to Meta Platforms Inc. employees: The company faces one of the “worst downturns...

It’s possible the Jan. 6 committee refers a criminal case against Trump, Liz Cheney says

by
July 3, 2022
0

Committee Vice Chair Rep. Liz Cheney (R-WY) listens to testimony from Cassidy Hutchinson, who was an aide to former White...

‘Minions: The Rise of Gru’ tops $108 million as parents flock back to cinemas, kids in tow

by
July 3, 2022
0

In this article CMCSA "Minions: The Rise of Gru" is the sequel to the 2015 film, "Minions," and spin-off/prequel to...

Celsius Customers Are Losing Hope for Their Locked-Up Crypto

by
July 3, 2022
0

When cryptocurrency lending platform Celsius froze user accounts amid a plunge in valuations, it sent ripples across the industry and...

Next Post

Dow Jones Gains As Biden Taps Oil Reserves, Donald Trump SPAC Dives; Warren Buffett Stock Melts

Mohamed El-Erian says the Fed's inflation screwup will 'go down in history' — but he's using these 3 stocks to take advantage

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

email

Get the daily email about stock.

Please Enter Your Email Address:

By opting in you agree to our Privacy Policy. You also agree to receive emails from us and our affiliates. Remember that you can opt-out any time, we hate spam too!

MOST VIEWED

  • Crocs sees fourth-quarter sales up 42%, CEO Andrew Rees says 2021 was ‘exceptional year’

    0 shares
    Share 0 Tweet 0
  • Buying a car from the factory sounds expensive, but it can actually save you money. Here’s how to do it.

    0 shares
    Share 0 Tweet 0
  • Roth TSP vs. Roth IRA: How Do They Compare?

    0 shares
    Share 0 Tweet 0
  • The states that won’t tax military retirement in 2022

    0 shares
    Share 0 Tweet 0
  • Allbirds stock has plunged 50% in two months, now one top analyst says buy it

    0 shares
    Share 0 Tweet 0
  • Home
  • Trading News
  • Email Whitelisting
  • Privacy Policy
All rights reserved by www.stockmarket-cafe.com
No Result
View All Result
  • Home
  • Trading News
  • Email Whitelisting
  • Privacy Policy

All rights reserved by www.stockmarket-cafe.com