Serious Delinquency Rate, Fannie Mae and Freddie Mac Loans
Fannie Mae and Freddie Mac loans 90 or more days behind or in foreclosure, share by month
Where the Serious Delinquency Rate, Fannie Mae and Freddie Mac Loans stands now
The Serious Delinquency Rate, Fannie Mae and Freddie Mac Loans was 0.59% in June 2026, down from the 0.60% peak in February 2026. It has been higher than a year earlier for five months in a row.
What it means for households: Mortgage Delinquency Statistics Behind on Your Mortgage?
How the Serious Delinquency Rate, Fannie Mae and Freddie Mac Loans has moved since 2024
Serious Delinquency Rate, Fannie Mae and Freddie Mac Loans: up since 2024, near the highest since 2024
Percent of Fannie Mae and Freddie Mac single-family loans serviced, at month end, FHFA Foreclosure Prevention and Refinance Report: 0.59% in June 2026, up from 0.54% a year earlier. Monthly, 2024–2026.
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The quote: The serious delinquency rate on Fannie Mae and Freddie Mac loans was 0.59% at the end of June 2026, up from 0.54% a year earlier. It is the share of the single-family loans the two companies service that are 90 or more days behind or in foreclosure. FHA, VA and bank-portfolio loans are not included. Source: Federal Housing Finance Agency, Foreclosure Prevention and Refinance Report.
What the Serious Delinquency Rate, Fannie Mae and Freddie Mac Loans measures
Measurement basis: Percent of all Fannie Mae and Freddie Mac single-family loans serviced that are 90 days or more delinquent or in the process of foreclosure, at month end (FHFA's glossary: loans three or more payments behind, including loans in bankruptcy, plus all loans in foreclosure). A share of loans, not of balances, and only the two companies' conventional book, not FHA, VA or bank-portfolio loans. Read from the Mortgage Performance table on the Highlights page of FHFA's Foreclosure Prevention and Refinance Report; a quarter-end month is published from the quarterly edition when it arrives. If a later monthly edition restates it, we log the new figure for review and keep the published one. Not the NY Fed all-loan-types balance rate (serious_delinquency_rate).
A higher rate is worse for households.
This product uses FHFA data but is neither endorsed nor certified by FHFA.
Serious Delinquency Rate, Fannie Mae and Freddie Mac Loans by month, 2024 to 2026
| Month | Rate | Change from a year earlier (percentage points) |
|---|---|---|
| Jun 2026 | 0.59% | +0.05 |
| May 2026 | 0.58% | +0.04 |
| Apr 2026 | 0.58% | +0.02 |
| Mar 2026 | 0.59% | +0.02 |
| Feb 2026 | 0.60% | +0.01 |
| Jan 2026 | 0.59% | 0.00 |
| Dec 2025 | 0.58% | +0.01 |
| Nov 2025 | 0.57% | +0.03 |
| Oct 2025 | 0.55% | +0.02 |
| Sep 2025 | 0.55% | +0.02 |
| Aug 2025 | 0.54% | +0.03 |
| Jul 2025 | 0.54% | +0.04 |
| Jun 2025 | 0.54% | +0.05 |
| May 2025 | 0.54% | — |
| Apr 2025 | 0.56% | — |
| Mar 2025 | 0.57% | +0.06 |
| Feb 2025 | 0.59% | — |
| Jan 2025 | 0.59% | — |
| Dec 2024 | 0.57% | — |
| Nov 2024 | 0.54% | — |
| Oct 2024 | 0.53% | — |
| Sep 2024 | 0.53% | — |
| Aug 2024 | 0.51% | — |
| Jul 2024 | 0.50% | — |
| Jun 2024 | 0.49% | — |
| Mar 2024 | 0.51% | — |
Monthly · Federal Housing Finance Agency, Foreclosure Prevention and Refinance Report
Counties with the highest delinquency scores
There's no county figure for this measure, so this list uses the delinquency part of our County Distress Index.
| Rank | County | Score (0–100) |
|---|---|---|
| 1 | Coahoma County, MS | 99.5 |
| 2 | Leflore County, MS | 99.4 |
| 3 | Washington County, MS | 99.3 |
| 4 | Williamsburg County, SC | 99.2 |
| 5 | Clayton County, GA | 99.2 |
| 6 | Yazoo County, MS | 98.6 |
| 7 | Dillon County, SC | 98.5 |
| 8 | Sunflower County, MS | 98.5 |
| 9 | Dallas County, AL | 98.2 |
| 10 | Marlboro County, SC | 98.1 |
Common questions about the Serious Delinquency Rate, Fannie Mae and Freddie Mac Loans
What does seriously delinquent mean here?
FHFA counts a loan as seriously delinquent when the borrower is 90 or more days behind, meaning three or more missed payments, or when the loan is in foreclosure. Loans in bankruptcy that are that far behind count too.
Does this rate cover every mortgage?
No. It covers only single-family loans owned or guaranteed by Fannie Mae and Freddie Mac. FHA, VA and bank-portfolio loans are not in it.
How is this different from the New York Fed's serious delinquency rate?
The New York Fed's rate covers every kind of household debt, including credit cards, auto loans and student loans, and measures the share of balances once a quarter. This one counts Fannie Mae and Freddie Mac mortgage loans each month.
Where does this data come from?
The Federal Housing Finance Agency's Foreclosure Prevention and Refinance Report, which FHFA publishes as a PDF with no release calendar: a monthly edition for eight months of the year and a quarterly edition for March, June, September and December. We read the Highlights table of each new edition with an automated parser and check every number against the PDF's own text before it is saved.
Sources and method for the Serious Delinquency Rate, Fannie Mae and Freddie Mac Loans
- Federal Housing Finance Agency, Foreclosure Prevention and Refinance Report Measurement basis: Percent of all Fannie Mae and Freddie Mac single-family loans serviced that are 90 days or more delinquent or in the process of foreclosure, at month end (FHFA's glossary: loans three or more payments behind, including loans in bankruptcy, plus all loans in foreclosure). A share of loans, not of balances, and only the two companies' conventional book, not FHA, VA or bank-portfolio loans. Read from the Mortgage Performance table on the Highlights page of FHFA's Foreclosure Prevention and Refinance Report; a quarter-end month is published from the quarterly edition when it arrives. If a later monthly edition restates it, we log the new figure for review and keep the published one. Not the NY Fed all-loan-types balance rate (serious_delinquency_rate). We use the monthly figures as published, from March 2024 through June 2026, with no adjustment of our own. Federal Housing Finance Agency doesn’t adjust this rate for the season, so compare a month with the same month a year earlier. Federal Housing Finance Agency’s report