Declining Delinquency
08/01/2013 | | Ellit eisenberg, Fannie Mae, Foreclosures, Graphsandlaughs, defaults, eisenberg and economics, freddie mac
Fannie Mae and Freddie Mac report that the rate at which single family mortgages that are three months in arrears or in foreclosure declined to 2.77% and 2.79% respectively in June, down from all-time highs of 5.59% and 4.20% respectively in February 2010. While the rates are down 50% and 33% respectively, at this pace it will, unfortunately, take until 2017 before the rate returns to normal, or about 0.8%.