The chart shared in the thread shows Freddie Mac's serious delinquency rates for multifamily loans, not single-family mortgages or overall U.S. mortgage delinquencies. 

While it highlights an increase in multifamily loan delinquencies to 0.42% as of January 2025, this is far lower than the 11% FHA delinquency rate mentioned, which primarily applies to single-family loans. The comparison conflates two different metrics, making the post misleading without proper context.