In the second quarter of 2024, the share one-to-four family residential mortgage loans entering the foreclosure process in the U.S. was 0.13 percent. Following the coronavirus pandemic outbreak in 2020, mortgage delinquency rates surged, followed by a gradual decline. Between the second quarter of 2020 and the first quarter of 2022, foreclosures remained at record low levels due to The Coronavirus Aid, Relief, and Economic Security Act (CARES Act).
Share of mortgages entering foreclosure processes in the United States from 1st quarter 2018 to 2nd quarter 2024
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Share of mortgages entering foreclosure processes in the United States from 1st quarter 2018 to 2nd quarter 2024
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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 entering foreclosure process at year-end, not seasonally adjusted.
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Mortgage Bankers Association. (August 15, 2024). Share of mortgages entering foreclosure processes in the United States from 1st quarter 2018 to 2nd quarter 2024 [Graph]. In Statista. Retrieved April 18, 2025, from https://www.statista.com/statistics/206035/rate-of-loans-entering-foreclosure-process-in-the-us-since-1990/
Mortgage Bankers Association. "Share of mortgages entering foreclosure processes in the United States from 1st quarter 2018 to 2nd quarter 2024." Chart. August 15, 2024. Statista. Accessed April 18, 2025. https://www.statista.com/statistics/206035/rate-of-loans-entering-foreclosure-process-in-the-us-since-1990/
Mortgage Bankers Association. (2024). Share of mortgages entering foreclosure processes in the United States from 1st quarter 2018 to 2nd quarter 2024. Statista. Statista Inc.. Accessed: April 18, 2025. https://www.statista.com/statistics/206035/rate-of-loans-entering-foreclosure-process-in-the-us-since-1990/
Mortgage Bankers Association. "Share of Mortgages Entering Foreclosure Processes in The United States from 1st Quarter 2018 to 2nd Quarter 2024." Statista, Statista Inc., 15 Aug 2024, https://www.statista.com/statistics/206035/rate-of-loans-entering-foreclosure-process-in-the-us-since-1990/
Mortgage Bankers Association, Share of mortgages entering foreclosure processes in the United States from 1st quarter 2018 to 2nd quarter 2024 Statista, https://www.statista.com/statistics/206035/rate-of-loans-entering-foreclosure-process-in-the-us-since-1990/ (last visited April 18, 2025)
Share of mortgages entering foreclosure processes in the United States from 1st quarter 2018 to 2nd quarter 2024 [Graph], Mortgage Bankers Association, August 15, 2024. [Online]. Available: https://www.statista.com/statistics/206035/rate-of-loans-entering-foreclosure-process-in-the-us-since-1990/
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