Mortgage Critical Delinquency Fee decreased in March

by Calculated Danger on 4/29/2021 05:51:00 PM Freddie Mac reported that the Single-Household severe delinquency fee in March was 2.34%, down from 2.52% in February. Freddie’s fee is up from 0.60% in March 2020. Freddie’s severe delinquency fee peaked in February 2010 at 4.20% following the housing bubble, and peaked at 3.17% in August 2020


by Calculated Danger on 4/29/2021 05:51:00 PM

Freddie Mac reported that the Single-Household severe delinquency fee in March was 2.34%, down from 2.52% in February. Freddie’s fee is up from 0.60% in March 2020.

Freddie’s severe delinquency fee peaked in February 2010 at 4.20% following the housing bubble, and peaked at 3.17% in August 2020 throughout the pandemic.

These are mortgage loans which are “three month-to-month funds or extra late or in foreclosures”.

Click on on graph for bigger picture


Mortgages in forbearance are being counted as delinquent on this month-to-month report, however they won’t be reported to the credit score bureaus.

That is very completely different from the rise in delinquencies following the housing bubble.   Lending requirements have been pretty stable over the past decade, and most of those householders have fairness of their properties – and they’re going to have the ability to restructure their loans as soon as (if) they’re employed.

Additionally – for multifamily – delinquencies have been at 0.17%, up from 0.14% in February, and up greater than double from 0.08% in March 2020.



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