Fannie Mae's Serious Delinquencies Decline for 15th Straight Month

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> Fannie Mae's Serious Delinquencies Decline for
15th Straight Month


Seriously past-due home mortgages continue to decline for the nation's
largest mortgage company, continuing a 15-month path of descent. Fannie Mae
says the share of single-family loans it holds that are 90 or more days past
due or in foreclosure fell 8 basis points to 4.19 percent in April, and then
dropped another 5 basis points to 4.14 percent in May. Fannie Mae says
servicers completed modifications on 16,419 of its loans in May. For the
first five months of the year, loan modifications total 84,133.
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-sunil


SUNIL SETHI REAL ESTATE

Sunil Sethi / Broker, President, REALTOR, MBA, CPA (inactive)
38750 Paseo Padre Pkwy Suite B3 / Fremont, CA 94536
Cell 510 388 2436 / Fax 510 431 9046

<http://www.sunilsethi.com/> www.sunilsethi.com

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