Fannie and Freddie: Single Family Serious Delinquency Rate Decreased in May, Multi-family Increased Slightly

Single-family serious delinquencies decreased in May, and multi-family serious delinquencies increased slightly.

Freddie Mac reported that the Single-Family serious delinquency rate in May was 0.49%, down from 0.51% April. Freddie's rate is down year-over-year from 0.58% in May 2023.  This is below the pre-pandemic lows.

Freddie's serious delinquency rate…