The share of homeowners behind on their mortgages is starting to abate after reaching a nine-year high in the second quarter when delinquencies increased at a historic pace. Delinquent single-family mortgages backed by Fannie Mae, Freddie Mac, and Ginnie Mae fell to 6.12% in July, down from 6.83% in June, according to a recent analysis by Inside Mortgage Finance, a financial news and statistics company. The decline comes after the Mortgage Bankers Association said this week that delinquencies in the second quarter, which ended in June, hit the highest level since the second quarter of 2011. The quarter-over-quarter increase was also the largest on records dating back to 1979.

  Mortgage delinquencies moderate after hitting nine-year high in the second quarter  Dhara Singh August 20, 2020, 2:47 am  The share of homeowners behind on their mortgages is starting to abate after reaching a nine-year high in the second quarter when delinquencies increased at a historic pace. Delinquent single-family mortgages backed by Fannie Mae, Freddie Mac, and Ginnie Mae fell to 6.12% in July, down from 6.83% in June, according to a recent analysis by Inside Mortgage Finance, a financial news and statistics company. The decline comes after the Mortgage Bankers Association said this week that delinquencies in the second quarter, which ended in June, hit the highest level since the second quarter of 2011. The quarter-over-quarter increase was also the largest on records dating back to 1979.