This statistic presents the share of one-to-four family residential mortgage loans entering the foreclosure process in the United States from 2018 to the second quarter of 2021. In the first quarter of 2021, the share of mortgages entering foreclosure was 0.04 percent. Following the coronavirus pandemic outbreak in 2020, mortgage delinquency rates surged but foreclosures remained at record low levels due to the The Coronavirus Aid, Relief, and Economic Security Act (CARES Act).
Share of loans entering foreclosure processes in the United States from 1st quarter 2018 to 2nd quarter 2021
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.
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Statista Accounts:
Access All Statistics. Starting from $468 / Year
Learn more about how Statista can support your business.
Mortgage Bankers Association. (August 19, 2021). Share of loans entering foreclosure processes in the United States from 1st quarter 2018 to 2nd quarter 2021 [Graph]. In Statista. Retrieved August 11, 2022, from https://www.statista.com/statistics/206035/rate-of-loans-entering-foreclosure-process-in-the-us-since-1990/
Mortgage Bankers Association. "Share of loans entering foreclosure processes in the United States from 1st quarter 2018 to 2nd quarter 2021." Chart. August 19, 2021. Statista. Accessed August 11, 2022. https://www.statista.com/statistics/206035/rate-of-loans-entering-foreclosure-process-in-the-us-since-1990/
Mortgage Bankers Association. (2021). Share of loans entering foreclosure processes in the United States from 1st quarter 2018 to 2nd quarter 2021. Statista. Statista Inc.. Accessed: August 11, 2022. https://www.statista.com/statistics/206035/rate-of-loans-entering-foreclosure-process-in-the-us-since-1990/
Mortgage Bankers Association. "Share of Loans Entering Foreclosure Processes in The United States from 1st Quarter 2018 to 2nd Quarter 2021." Statista, Statista Inc., 19 Aug 2021, https://www.statista.com/statistics/206035/rate-of-loans-entering-foreclosure-process-in-the-us-since-1990/
Mortgage Bankers Association, Share of loans entering foreclosure processes in the United States from 1st quarter 2018 to 2nd quarter 2021 Statista, https://www.statista.com/statistics/206035/rate-of-loans-entering-foreclosure-process-in-the-us-since-1990/ (last visited August 11, 2022)
