FHFA report shows improvement in Fannie Mae, Freddie Mac loan performance
The report also shows a decline in the enterprises’ serious delinquency rate, down to 0.65% at the end of Q4. That’s compared to a 4.40% delinquency rate for Federal Housing Administration (FHA) loans, 2.43% for Veterans Affairs (VA) loans, and 1.89% for all loans (industry average). The 60+ day delinquency rate increased slightly from 0.83% … [Read more…]