Fannie Mae Delinquencies: July 2011

The latest release of the Fannie Mae Monthly Summary indicated that for data through July, total serious single family delinquency went flat while still remaining at distressed levels.

In June, 3.14% of non-credit enhanced loans went seriously delinquent while the level was 9.69% of credit enhanced loans resulting in an overall total single family delinquency of 4.08%.

The following charts (click for larger ultra-dynamic and surf-able chart) show what Fannie Mae terms the count of “Seriously Delinquent” loans as a percentage of all loans on their books.

It’s important to understand that Fannie Mae does NOT segregate foreclosures from delinquent loans when reporting these numbers.

On The Stamp: Food Stamp Participation June 2011

As a logical consequence of the prolonged economic downturn it appears that participation in the federal food stamp program is continuing to rise.

In fact, household participation has been climbing so steadily that it has far surpassed the last peak set as a result of the immediate fallout following hurricane Katrina.

The latest data released by the Department of Agriculture shows that in June, 226,752 recipients were removed from the food stamps program (latest several months effected by disaster assistance), while participation continued to increased 9.47% on a year-over-year basis and household participation increased 11.76%.

Individual participation as a ratio of the overall civilian non-institutional population has increased 8.65% over the same period.

Participation continues to increase with nominal benefit costs climbing a lofty 9.74% on a year-over-year basis to $6.03 billion for the month.

Envisioning Employment: Employment Situation August 2011

Today’s Employment Situation Report showed that in August, net nonfarm payrolls went flat from July while private nonfarm payrolls added a mere 17,000 and the unemployment rate also went flat at 9.1% over the same period.

Net private sector jobs increased 0.02% since last month climbing 1.59% above the level seen a year ago but but remained a whopping 5.57% below the peak level of employment seen in December 2007.