As a result of the coronavirus (COVID-19) crisis, many people worldwide faced job insecurity and loss of income. For mortgage borrowers in the United States, this means increased risk of delayed loan repayment, default and foreclosure.
Between May 2020 and May 2021, the value of single-family housing mortgages owned by Freddie Mac in the United States that were over 180 days delinquent spiked from approximately 1.2 billion U.S. dollars to over 22.5 billion U.S. dollars. Nevertheless, the total value of delinquent loans fell significantly, from roughly 54.4 billion U.S. dollars to approximately 35.4 billion U.S. dollars. A similar trend can be observed with the number of delinquent loans.
Value of Freddie Mac single-family housing mortgages in delinquency in the United States in May 2020 and May 2021, by number of days delinquent
(in million U.S. dollars)
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Freddie Mac. (May 30, 2021). Value of Freddie Mac single-family housing mortgages in delinquency in the United States in May 2020 and May 2021, by number of days delinquent (in million U.S. dollars) [Graph]. In Statista. Retrieved October 13, 2024, from https://www.statista.com/statistics/1200801/value-delinquent-mortgages-united-states-usa-by-delinquency-duration/
Freddie Mac. "Value of Freddie Mac single-family housing mortgages in delinquency in the United States in May 2020 and May 2021, by number of days delinquent (in million U.S. dollars)." Chart. May 30, 2021. Statista. Accessed October 13, 2024. https://www.statista.com/statistics/1200801/value-delinquent-mortgages-united-states-usa-by-delinquency-duration/
Freddie Mac. (2021). Value of Freddie Mac single-family housing mortgages in delinquency in the United States in May 2020 and May 2021, by number of days delinquent (in million U.S. dollars). Statista. Statista Inc.. Accessed: October 13, 2024. https://www.statista.com/statistics/1200801/value-delinquent-mortgages-united-states-usa-by-delinquency-duration/
Freddie Mac. "Value of Freddie Mac Single-family Housing Mortgages in Delinquency in The United States in May 2020 and May 2021, by Number of Days Delinquent (in Million U.S. Dollars)." Statista, Statista Inc., 30 May 2021, https://www.statista.com/statistics/1200801/value-delinquent-mortgages-united-states-usa-by-delinquency-duration/
Freddie Mac, Value of Freddie Mac single-family housing mortgages in delinquency in the United States in May 2020 and May 2021, by number of days delinquent (in million U.S. dollars) Statista, https://www.statista.com/statistics/1200801/value-delinquent-mortgages-united-states-usa-by-delinquency-duration/ (last visited October 13, 2024)
Value of Freddie Mac single-family housing mortgages in delinquency in the United States in May 2020 and May 2021, by number of days delinquent (in million U.S. dollars) [Graph], Freddie Mac, May 30, 2021. [Online]. Available: https://www.statista.com/statistics/1200801/value-delinquent-mortgages-united-states-usa-by-delinquency-duration/
