Source: David S. Hilzenrath, Washington Post ( Free Registration )

In a sign of continuing trouble in the housing market, mortgage delinquency rates doubled over a 12-month period at Fannie Mae and Freddie Mac, the two industry giants reported yesterday.

In April, 1.22 percent of the conventional home loans that Fannie Mae guarantees were past due by at least three months or were in foreclosure. That was up from 1.15 percent in March and about twice the rate recorded in April 2007.

Freddie Mac said its delinquency rate was 0.81 percent in April, up from 0.77 percent in March. The rate was 0.4 in April of last year.

Neither company’s figures fully captured the problems borrowers have had making payments, because they excluded loans for which payment terms had been relaxed.

Read Full Article: Delinquencies rise at Fannie Mae, Freddie Mac