Freddie Mac 2015 Annual Report Download - page 99
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Management's Discussion and Analysis Risk Management | SF Credit Risk
Freddie Mac 2015 Form 10-K 97
rate. However, we still have a large number of seriously delinquent loans relative to our historical
experience.
Our loss mitigation activities may create fluctuations in our delinquency statistics. For example, loans in
modification trial periods, loans subject to forbearance agreements, and loans in repayment plans
continue to be reported as seriously delinquent. There may also be temporary lags in the reporting of
payment status and modification completion due to differing practices of our servicers that can affect our
delinquency statistics.
The charts below show the credit losses and serious delinquency rates for each of our single-family
books. Our Core single-family book and our HARP and other relief refinance book continue to perform
well and account for a small percentage of our credit losses, as shown below. Our Legacy single-family
book continues to decline as a percentage of our overall portfolio, but continues to account for the
majority of our credit losses.
Portfolio Composition and Credit Losses
Serious Delinquency Rates as of December
31,