Business and Personal Finance Dictionary

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• DELINQUENCIES
  
  Single-family and multifamily statistics are available on a one-month lag basis and are based on the Total Mortgage Portfolio excluding both non-Freddie Mac mortgage-related securities and that portion of Structured Securities that is backed by Ginnie Mae certificates. Single-family delinquencies are based on the number of mortgages 90 days or more delinquent or in foreclosure. Multifamily delinquencies are based on the net carrying value of mortgages 60 days or more delinquent or in foreclosure. The single-family non-credit-enhanced statistic includes only those loans for which Freddie Mac has assumed primary or full default risk. As a result, this statistic excludes loans covered by primary mortgage insurance ("MI"), securities subject to subordinated agreements and loans for which the lender or third party has retained the primary default risk.
  
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