Lowest Default Rates in Decades
According to Fannie Mae and Freddie Mac; mortgage loans that were originated in 2009 are some of the most secure and best performing loans that we’ve seen over the last several decades. You may recall that not that just a few years ago, mortgage default rates were as high as 28%. However, Fannie may loans originated in 2009 are only seeing a default rate of 1.2%, and Freddie Mac loans are seeing a default rate of only 1.1%. This is a huge reduction in just a short period of time, and should mean that we can expect to see fewer default homes on the market in the coming future.
With such low default rates, we would expect to see lenders begin to lend out their own funds. However this has not been the case, as Lender guidelines are still stricter than ever.
Related Categories:
Fannie Mae
Freddie Mac
Financing & Mortages
Should you have any questions or need further information,
please don’t hesitate to contact me, (775) 220-1630
Or visit my website: www.SellingHomesinReno.com
Joshua Talayka
NAR designated: Short Sale & Foreclosure Resource
Chase International
Office: 775 850 5900
Toll Free: 877 922 5900
Cell: 775 220 1630
Fax: 775 850 5901
985 Damonte Ranch Pkwy, Ste. 110
Reno, Nevada (NV) 89521
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