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

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

Freddie Mac reported that the Single-Family serious delinquency rate in May was 0.58%, down from 0.61% April. Freddie's rate is down year-over-year from 0.80% in May 2022.  This is below the pre-pandemic lows. Freddie's serious…