Serious delinquency rates, the measure of credit performance as well as an indicator of potential future defaults for single-family and multifamily guaranty books, were slower than in July.
The conventional single-family serious delinquency rate, loans that were either past due for 90 days or more, or were in the process of foreclosure, continued its downward trend as it decreased one basis point to 0.53% – it was at 0.54% in the previous month.
After seeing a significant increase in July, the multifamily serious delinquency rate, loans that were past due from 60 days or more, remained flat in August at a rate of 0.47%.
Fannie Mae’s maximum exposure to Federal Home Loan Mortgage Corporation (Freddie Mac) collateral that was included in outstanding Fannie Mae re-securitizations, which represented the amount of Freddie Mac securities that were guaranteed by Fannie Mae, was $220.9 billion – a decrease from the $222.6 billion in July.
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