Home mortgage debt of households and nonprofit organizations in the U.S. 2012-2018

Home mortgage debt of households and nonprofit organizations in the United States from 1st quarter 2012 to 2nd quarter 2018 (in trillion U.S. dollars)

Home mortgage debt of households and nonprofit organizations in the U.S. 2012-2018 The statistic presents the home mortgage debt of households and nonprofit organizations in the United States from the first quarter of 2012 to the second quarter of 2018. The home mortgage debt of households and nonprofit organizations amounted to approximately 10.21 trillion U.S. dollars in the second quarter of 2018. Home mortgage sector in the United States
Home mortgage sector debt in the United States has been steadily falling in recent years and is beginning to come out of a period of great difficulty and problems presented to it by the economic crisis of 2008. For the previous generations in the United States the real estate market was quite stable. Financial institutions were extending credit to millions of families and allowed them to achieve ownership of their own homes. The growth of the subprime mortgages and, which went some way to contributing to the record of the highest US homeownership rate since records began, meant that many families deemed to be not quite creditworthy were provided the opportunity to purchase homes.

The rate of home mortgage sector debt rose in the United States as a direct result of the less stringent controls that resulted from the vetted and extended terms from which loans originated. There was a great deal more liquidity in the market which allowed greater access to new mortgages. The practice of packaging mortgages into securities, and their subsequent sale into the secondary market as a way of shifting risk, was to be a major factor in the formation of the American housing bubble, one of the greatest contributing factors to the global financial meltdown of 2008.
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Home mortgage debt of households and nonprofit organizations in the United States from 1st quarter 2012 to 2nd quarter 2018 (in trillion U.S. dollars)

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Debt in trillion U.S. dollars
Q2 201810.21
Q1 201810.14
Q4 201710.08
Q3 201710
Q2 20179.93
Q1 20179.88
Q4 20169.79
Q3 20169.73
Q2 20169.67
Q1 20169.62
Q4 20159.59
Q3 20159.52
Q2 20159.49
Q1 20159.45
Q4 20149.46
Q3 20149.44
Q2 20149.45
Q1 20149.46
Q4 20139.47
Q3 20139.49
Q2 20139.49
Q1 20139.53
Q4 20129.56
Q3 20129.61
Q2 20129.66
Q1 20129.72
Debt in trillion U.S. dollars
Q2 201810.21
Q1 201810.14
Q4 201710.08
Q3 201710
Q2 20179.93
Q1 20179.88
Q4 20169.79
Q3 20169.73
Q2 20169.67
Q1 20169.62
Q4 20159.59
Q3 20159.52
Q2 20159.49
Q1 20159.45
Q4 20149.46
Q3 20149.44
Q2 20149.45
Q1 20149.46
Q4 20139.47
Q3 20139.49
Q2 20139.49
Q1 20139.53
Q4 20129.56
Q3 20129.61
Q2 20129.66
Q1 20129.72
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The statistic presents the home mortgage debt of households and nonprofit organizations in the United States from the first quarter of 2012 to the second quarter of 2018. The home mortgage debt of households and nonprofit organizations amounted to approximately 10.21 trillion U.S. dollars in the second quarter of 2018. Home mortgage sector in the United States
Home mortgage sector debt in the United States has been steadily falling in recent years and is beginning to come out of a period of great difficulty and problems presented to it by the economic crisis of 2008. For the previous generations in the United States the real estate market was quite stable. Financial institutions were extending credit to millions of families and allowed them to achieve ownership of their own homes. The growth of the subprime mortgages and, which went some way to contributing to the record of the highest US homeownership rate since records began, meant that many families deemed to be not quite creditworthy were provided the opportunity to purchase homes.

The rate of home mortgage sector debt rose in the United States as a direct result of the less stringent controls that resulted from the vetted and extended terms from which loans originated. There was a great deal more liquidity in the market which allowed greater access to new mortgages. The practice of packaging mortgages into securities, and their subsequent sale into the secondary market as a way of shifting risk, was to be a major factor in the formation of the American housing bubble, one of the greatest contributing factors to the global financial meltdown of 2008.
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Release date
December 2018
Region
United States
Survey time period
Q1 2012 to Q2 2018
Supplementary notes
Figures have been rounded.
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