Fannie and Freddie Serious Delinquencies in April: Single Family Declined, Multi-Family Increased

Single-family serious delinquencies continued to decline in April, however, multi-family serious delinquencies are now increasing.

Freddie Mac reported that the Single-Family serious delinquency rate in April was 0.61%, down from 0.62% March. Freddie's rate is down year-over-year from 0.85% in April 2022.  This is at the pre-pandemic lows. Freddie's ser…