This statistic presents the share of prime conventional loans in the foreclosure process in the United States from 2005 to 2018. The share of prime conventional loans in the foreclosure process was 0.9 percent in 2005 and it remained the same in 2018.
Under the effects of the coronavirus pandemic, delinquency rates surged for all loan types in 2020. Nevertheless, due the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), foreclosure rates remained low.
Share of prime conventional loans in foreclosure processes in the United States from 2005 to 2018
Covers one- to four-family residential non farm mortgage
loans. Mortgage origination is the making of a new mortgage, including all steps taken by a lender to attract and qualify a borrower, process the mortgage loan, and place it on the lender’s books. Based on the national Delinquency Survey which covers 45 million loans on one- to four unit properties, representing between 80 to 85 percent of all 'first lien' residential mortgage loan outstanding. Loans surveyed were reported by approximately 120 lenders, including mortgage bankers, commercial banks and thrifts. Percentage of loans in the foreclosure processes at year-end, not seasonally adjusted.
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ProQuest. (December 5, 2019). Share of prime conventional loans in foreclosure processes in the United States from 2005 to 2018 [Graph]. In Statista. Retrieved November 23, 2024, from https://www.statista.com/statistics/205996/us-foreclosure-rates-on-prime-conventional-loans-since-2000/
ProQuest. "Share of prime conventional loans in foreclosure processes in the United States from 2005 to 2018." Chart. December 5, 2019. Statista. Accessed November 23, 2024. https://www.statista.com/statistics/205996/us-foreclosure-rates-on-prime-conventional-loans-since-2000/
ProQuest. (2019). Share of prime conventional loans in foreclosure processes in the United States from 2005 to 2018. Statista. Statista Inc.. Accessed: November 23, 2024. https://www.statista.com/statistics/205996/us-foreclosure-rates-on-prime-conventional-loans-since-2000/
ProQuest. "Share of Prime Conventional Loans in Foreclosure Processes in The United States from 2005 to 2018." Statista, Statista Inc., 5 Dec 2019, https://www.statista.com/statistics/205996/us-foreclosure-rates-on-prime-conventional-loans-since-2000/
ProQuest, Share of prime conventional loans in foreclosure processes in the United States from 2005 to 2018 Statista, https://www.statista.com/statistics/205996/us-foreclosure-rates-on-prime-conventional-loans-since-2000/ (last visited November 23, 2024)
Share of prime conventional loans in foreclosure processes in the United States from 2005 to 2018 [Graph], ProQuest, December 5, 2019. [Online]. Available: https://www.statista.com/statistics/205996/us-foreclosure-rates-on-prime-conventional-loans-since-2000/
