From Calculated Risk: [FannieMaeDelinquencyAug.jpg]

Here is the monthly Fannie Mae hockey stick graph. Fannie Mae reported today that the rate of serious delinquencies – at least 90 days behind – for conventional loans in its single-family guarantee business increased to 4.45% in August, up from 4.17% in July – and up from 1.57% in August 2008. “Includes seriously delinquent conventional single-family loans as a percent of the total number of conventional single-family loans. These rates are based on conventional single-family mortgage loans and exclude reverse mortgages and non-Fannie Mae mortgage securities held in our portfolio.” …

Fannie Mae: Delinquencies Increase Sharply in August

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