The Real Deal reported that the "rate of serious delinquencies on single-family homes, those that are 90 days or more behind, increased more than 2 percent between December 2008 and December 2009, up to 3.87 percent from 1.72 percent."
Fannie Mae last week also "reported a serious delinquency rate for its mortgage portfolio of 5.29% in November 2009, the latest month of data," according to HousingWire. The November deliquency rate is higher than the 4.98% reported in October 2009, and the highest in recent memory. By comparison, the November 2008 delinquency rate was only 2.13%, meaning the rate more than doubled in a year.
Certainly something to keep an eye on.
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