Fannie, Freddie: Seriously Delinquent?

The news was full of stories this weekend about the latest bad news from Fannie Mae.

The percentage of borrowers who are seriously delinquent - more than 90 days late in their loans payments - continues to rise in Fannie Mae's loan portfolios. More of Fannie's borrowers are on the road the foreclosure than ever before.

But don't get out the torches and pitchforks yet... Fannie Mae is actually doing much better than the mortgage business overall.