Friday, October 23, 2009
Freddie Mac Annualized Defaults Hit Record High At 7.3%, Even As Lending Increases
In September, Freddie Mac's loan defaults set an annualized record, after hitting a stunning 7.3%. Even worse, the rate of decline among single-family loans increased substantially month over month, from 3.13% in August to 3.33% in September, (and 1.22% in the prior year, just after the GSE's ended up being nationalized: a 270% increase YoY). The rate of defaults has now climbed for 28 straight months...
Zero Hedge: Freddie Mac Annualized Defaults Hit Record High At 7.3%, Even As Lending Increases
Zero Hedge: Freddie Mac Annualized Defaults Hit Record High At 7.3%, Even As Lending Increases
Permalink posted by markw @ 11:57 AM 
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