For the first time in over a year neither Fannie Mae or Freddie Mac are showing any downward movement in their seriously delinquent mortgage rates. Fannie’s percentage of single-family loans at least three payments past due remained unchanged between the months of June and July at 4.08 percent. Freddie’s report shows its 90-plus day delinquencies increased slightly from 3.50 percent in June to 3.51 percent in July. The latest results break a long stretch of declining delinquency numbers for the two GSEs.
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