Fannie Mae: Delinquencies on Single-Family Mortgages Down in June

July 31, 2013
Wall Street Journal  
mortgage lending news

Continuing recovery of the housing market helped reduce serious delinquencies on single-family Fannie Mae mortgages, the company confirmed. It estimated that 2.77 percent of the loans in its single-family portfolio were 90 days or more late last month -- an improvement from 2.83 percent in May and 3.53 percent in June of last year. The Fannie Mae report also indicated that the firm's mortgage portfolio shrank at a compound annualized rate of 18 percent in June, to $3.17 trillion.
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