Graph of the Day: Fannie Mae Serious Delinquency Rate, 1998-2009

From Calculated Risk:  

Here is a hockey stick graph … Fannie Mae reported that the serious delinquency rate for conventional loans in its single-family guarantee business increased to 4.17 percent in July, up from 3.94 percent in June – and up from 1.45% in July 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.” Just more evidence of some shadow inventory and the next wave of foreclosures. …

Fannie Mae Serious Delinquency Rate increases Sharply