The foreclosure rate in the United States has experienced significant fluctuations over the past two decades, reaching its peak in 2010 at **** percent following the financial crisis. Since then, the rate has steadily declined, with a notable drop to **** percent in 2021 due to government interventions during the COVID-19 pandemic. In 2024, the rate stood slightly higher at **** percent but remained well below historical averages, indicating a relatively stable housing market. Impact of economic conditions on foreclosures The foreclosure rate is closely tied to broader economic trends and housing market conditions. During the aftermath of the 2008 financial crisis, the share of non-performing mortgage loans climbed significantly, with loans 90 to 180 days past due reaching *** percent. Since then, the share of seriously delinquent loans has dropped notably, demonstrating a substantial improvement in mortgage performance. Among other things, the improved mortgage performance has to do with changes in the mortgage approval process. Homebuyers are subject to much stricter lending standards, such as higher credit score requirements. These changes ensure that borrowers can meet their payment obligations and are at a lower risk of defaulting and losing their home. Challenges for potential homebuyers Despite the low foreclosure rates, potential homebuyers face significant challenges in the current market. Homebuyer sentiment worsened substantially in 2021 and remained low across all age groups through 2024, with the 45 to 64 age group expressing the most negative outlook. Factors contributing to this sentiment include high housing costs and various financial obligations. For instance, in 2023, ** percent of non-homeowners reported that student loan expenses hindered their ability to save for a down payment.

Graph and download economic data for Large Bank Consumer Mortgage Balances: 30 or More Days Past Due: Including Foreclosures Rates: Balances Based (RCMFLBBALDPDPCT30P) from Q3 2012 to Q1 2025 about 30 days +, FR Y-14M, large, balance, mortgage, consumer, banks, depository institutions, rate, and USA.

In the second quarter of 2025, the share of mortgage loans in the foreclosure process in the U.S. decreased slightly to **** percent. Following the outbreak of the coronavirus crisis, the mortgage delinquency rate spiked to the highest levels since the subprime mortgage crisis (2007-2010). To prevent further impact on homeowners, Congress passed the CARES Act, which provides foreclosure protections for borrowers with federally backed mortgage loans. As a result, the foreclosure rate fell to historically low levels.

The number of properties with foreclosure filings in the United States declined in 2024, but remained below the pre-pandemic level. Foreclosure filings were reported on approximately ******* properties, which was about ****** fewer than in 2023. Despite the decrease, 2024 saw one of the lowest foreclosure rates on record.

Active foreclosure properties that are currently on the market (includes Pre-foreclosure Auction and REO properties). This matches the active listings shown on RealtyTrac. Does not include historical foreclosure data.

View quarterly updates and historical trends for Florida Consumers With New Foreclosure. Source: Federal Reserve Bank of New York. Track economic data wit…

In the second quarter of 2024, the share one-to-four family residential mortgage loans entering the foreclosure process in the U.S. was **** 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).

Following the drastic increase directly after the COVID-19 pandemic, the delinquency rate started to gradually decline, falling below *** percent in the second quarter of 2023. In the second half of 2023, the delinquency rate picked up but remained stable throughout 2024. In the second quarter of 2025, **** percent of mortgage loans were delinquent. That was significantly lower than the **** percent during the onset of the COVID-19 pandemic in 2020 or the peak of *** percent during the subprime mortgage crisis of 2007-2010. What does the mortgage delinquency rate tell us? The mortgage delinquency rate is the share of the total number of mortgaged home loans in the U.S. where payment is overdue by 30 days or more. Many borrowers eventually manage to service their loan, though, as indicated by the markedly lower foreclosure rates. Total home mortgage debt in the U.S. stood at almost ** trillion U.S. dollars in 2024. Not all mortgage loans are made equal ‘Subprime’ loans, being targeted at high-risk borrowers and generally coupled with higher interest rates to compensate for the risk. These loans have far higher delinquency rates than conventional loans. Defaulting on such loans was one of the triggers for the 2007-2010 financial crisis, with subprime delinquency rates reaching almost ** percent around this time. These higher delinquency rates translate into higher foreclosure rates, which peaked at just under ** percent of all subprime mortgages in 2011.

These data are part of NACJD's Fast Track Release and are distributed as they were received from the data depositor. The files have been zipped by NACJD for release, but not checked or processed except for the removal of direct identifiers. Users should refer to the accompanying readme file for a brief description of the files available with this collection and consult the investigator(s) if further information is needed. The study integrated neighborhood-level data on robbery and burglary gathered from local police agencies across the United States, foreclosure data from RealtyTrac (a real estate information company), and a wide variety of social, economic, and demographic control variables from multiple sources. Using census tracts to approximate neighborhoods, the study regressed 2009 neighborhood robbery and burglary rates on foreclosure rates measured for 2007-2008 (a period during which foreclosure spiked dramatically in the nation), while accounting for 2007 robbery and burglary rates and other control variables that captured differences in social, economic, and demographic context across American neighborhoods and cities for this period. The analysis was based on more than 7,200 census tracts in over 60 large cities spread across 29 states. Core research questions were addressed with a series of multivariate multilevel and single-level regression models that accounted for the skewed nature of neighborhood crime patterns and the well-documented spatial dependence of crime. The study contains one data file with 8,198 cases and 99 variables.

About ***** percent of U.S. homeowners with a mortgage who were behind on mortgage payments in ************ were very likely to face eviction in the next two months due to a foreclosure. Additionally, ** percent of the respondents were somewhat likely to be evicted. In 2022, the foreclosure rate in the U.S. picked up, after a long period of steady decline after the subprime mortgage crisis.

The emerging body of research suggests the unprecedented increase in housing foreclosures and unemployment between 2007 and 2009 had detrimental effects on health. Using data from electronic health records of 105,919 patients with diabetes in Northern California, this study examined how increases in foreclosure rates from 2006 to 2010 affected weight change. We anticipated that two of the pathways that explain how the spike in foreclosure rates affects weight gain—increasing stress and declining salutary health behaviors- would be acute in a population with diabetes because of metabolic sensitivity to stressors and health behaviors. Controlling for unemployment, housing prices, temporal trends, and time-invariant confounders with individual fixed effects, we found no evidence of an association between the foreclosure rate in each patient's census block of residence and body mass index. Our results suggest, although more than half of the population was exposed to at least one foreclosure within their census block, the foreclosure crisis did not independently impact weight change.

View quarterly updates and historical trends for Michigan Consumers With New Foreclosure. Source: Federal Reserve Bank of New York. Track economic data wi…

United States - Delinquency Rate on Loans Secured by Real Estate, Banks Ranked 1st to 100th Largest in Size by Assets was 1.92% in April of 2025, according to the United States Federal Reserve. Historically, United States - Delinquency Rate on Loans Secured by Real Estate, Banks Ranked 1st to 100th Largest in Size by Assets reached a record high of 11.49 in January of 2010 and a record low of 1.31 in October of 2004. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Delinquency Rate on Loans Secured by Real Estate, Banks Ranked 1st to 100th Largest in Size by Assets - last updated from the United States Federal Reserve on September of 2025.

Foreclosure Services Market Outlook

According to our latest research, the global foreclosure services market size reached USD 7.9 billion in 2024, driven by increasing rates of mortgage defaults and evolving regulatory frameworks. The market is projected to grow at a CAGR of 6.2% from 2025 to 2033, reaching an estimated USD 13.6 billion by 2033. The robust expansion is underpinned by a combination of economic volatility, rising property values, and the growing complexity of foreclosure legal proceedings, which collectively fuel demand for specialized foreclosure services worldwide.

One of the primary growth factors for the foreclosure services market is the fluctuating global economic environment, which directly impacts property owners’ ability to meet mortgage obligations. Economic downturns, job losses, and inflationary pressures have led to a noticeable uptick in mortgage delinquencies, thereby increasing the volume of foreclosures. This trend is particularly prominent in regions where housing affordability remains a persistent challenge, driving banks, real estate agencies, and law firms to seek efficient, technology-enabled foreclosure solutions. The integration of digital platforms and automation in foreclosure processes has further streamlined operations, reducing timeframes and costs, and making services more accessible to a wider range of stakeholders.

Another significant driver is the evolving regulatory landscape governing property foreclosures. Governments across major economies are continuously updating foreclosure laws and introducing new compliance requirements to protect homeowners and ensure transparent proceedings. These regulatory changes necessitate specialized expertise, creating opportunities for foreclosure service providers with deep legal and procedural knowledge. The increasing complexity of compliance has also spurred the growth of partnerships between financial institutions, law firms, and government agencies, further propelling the foreclosure services market. Additionally, heightened investor interest in distressed assets and foreclosed properties has created a robust secondary market, enhancing the need for professional foreclosure services to manage these transactions efficiently.

Technological advancements are reshaping the foreclosure services market by introducing new efficiencies and capabilities. The adoption of artificial intelligence, machine learning, and big data analytics has enabled service providers to predict foreclosure risks, automate document management, and optimize auction processes. These innovations are not only improving operational accuracy but also enhancing customer experiences by providing real-time updates and streamlined communication channels. The integration of blockchain technology, in particular, is expected to revolutionize property title management and transaction validation, reducing fraud and increasing trust among stakeholders. As a result, technology-driven transformation is anticipated to remain a key growth catalyst in the coming years.

Regionally, North America continues to dominate the foreclosure services market, accounting for over 38% of global revenue in 2024. The region’s leadership is attributed to a mature real estate sector, high mortgage penetration, and well-established legal frameworks. Europe follows closely, with rising foreclosure activities in countries experiencing economic stagnation. Meanwhile, the Asia Pacific region is emerging as a high-growth market, fueled by rapid urbanization, expanding credit markets, and increasing property investments. Latin America and the Middle East & Africa are also witnessing gradual growth, driven by urban development and regulatory reforms, although market penetration remains comparatively lower.

Service Type Analysis

The foreclosure services market is segmented by service type into pre-foreclosure, foreclosure auction, and post-foreclosure services. Pre-foreclosure services encompass all activities undertaken before a property is officially foreclosed, including borrower counseling, loan modification assistance, and legal notifications. This segment is witnessing significant growth as lenders and borrowers increasingly seek early intervention strategies to avoid foreclosure. The rising adoption of digital tools for monitoring mortgage performance and automating communication with borrowers has further enhanced the efficiency of pre-foreclosure processes. Service providers fo

View quarterly updates and historical trends for US Consumers with New Foreclosure. from United States. Source: Federal Reserve Bank of New York. Track ec…

Graph and download economic data for Delinquency Rate on Single-Family Residential Mortgages, Booked in Domestic Offices, All Commercial Banks (DRSFRMACBS) from Q1 1991 to Q2 2025 about domestic offices, delinquencies, 1-unit structures, mortgage, family, commercial, residential, domestic, banks, depository institutions, rate, and USA.

Residential mortgage arrears and foreclosure rates in Canada and the U.S. from 2002 to today. This table lets housing professionals compare data by type of mortgage in the U.S. and by region in Canada.

Annual residential mortgage arrears and foreclosure rates in Canada and the U.S. from 1990 to 2013. This table is archived for reference, research and record-keeping purposes only. It is not subject to Government of Canada Web Standards and has not been altered or updated since it was archived.

Text source: https://www.huduser.gov/portal/publications/hsgfin/addi.html In recognition of the fact that a lack of savings is the most significant barrier to homeownership for most low-income families1, Congress passed the American Dream Downpayment Act of 2003, which established the American Dream Downpayment Initiative (ADDI). The ADDI program was designed to provide assistance with downpayments, closing costs, and, if necessary, rehabilitation work done in conjunction with a home purchase. This formula-based program disburses assistance through a network of Participating Jurisdictions (PJs) in all 50 states and affords them significant flexibility in designing homebuyer programs to meet the needs of their communities. Established as part of the HOME program,2 ADDI is a prime example of direct federal assistance to promote low-income homeownership. In recent years there have been growing concerns that many new low-income homeowners have had difficulty maintaining homeownership.3 To address these concerns in the context of the ADDI program, the Fiscal Year 2006 U.S. Senate Report on the Transportation, Treasury and HUD Appropriations Bill directed the U.S. Department of Housing and Urban Development (HUD) to report on the foreclosure and delinquency rate of households who received downpayment assistance through ADDI.4 This report has been developed in response to this congressional mandate. Due to the limited program history of ADDI, and since HOME-assisted homebuyers are quite similar to those assisted by the ADDI, this study jointly estimates annual foreclosure and delinquency rates for both HOME- and ADDI-assisted borrowers who purchased homes during the period from 2001 through 2005.5 While all HOME/ADDI-assisted borrowers were included in the analysis, in order to have the results be representative of the ADDI program, the sample of PJs was limited to those that were eligible for an allocation of ADDI funds in 2004, the year in which the largest number of PJs were eligible. The primary objective of the study, which addresses the congressional inquiry, is to provide an estimate of the foreclosure and delinquency rates among HOME/ADDI-assisted homebuyers. HUD was also interested in an analysis of the reasons behind these outcomes. Thus, a secondary objective of this study is to analyze the factors associated with variations in delinquency and default rates. 1 See, for example, U. S. Department of Housing and Urban Development, Barriers to Minority Homeownership, July 17, 2002, and Herbert et al., Homeownership Gaps Among Low-Income and Minority Borrowers and Neighborhoods, U.S. Department of Housing and Urban Development, March 2005. 2 Created under Title II of the National Affordable Housing Act of 1990, the HOME program is designed to provide affordable housing to low-income households, expand the capacity of nonprofit housing providers, and strengthen the ability of state and local governments to develop and implement affordable housing strate-gies tailored to local needs and priorities. 3 See, for example, Dean Baker, "Who's Dreaming?: Homeownership Among Low-Income Families," Center for Eco-nomic and Policy Research, Washington, DC, January 2005. 4 Throughout our discussion the terms "default" and "foreclosure" are used to refer to the same outcome where homeowners lose their home in foreclosure. 5 Foreclosure and delinquency rates for 2000 are not included here as the data was not consistent enough to produce valid estimations. This report is based in part on surveys of participating jurisdictions.

The year 2021 saw the peak in issuance of residential mortgage backed securities (MBS), at *** trillion U.S. dollars. Since then, MBS issuance has slowed, reaching *** trillion U.S. dollars in 2023. What are mortgage backed securities? A mortgage backed security is a financial instrument in which mortgages are bundled together and sold to investors. The idea is that the risk of these individual mortgages is pooled when they are packaged together. This is a sound investment policy, unless the foreclosure rate increases significantly in a short amount of time. Mortgage risk Since mortgages are loans backed by an asset, the house, the risk is often considered relatively low. However, the loan maturities are very long, sometimes decades, meaning lenders must factor in the risk of a shift in the economic climate. As such, interest rates on longer mortgages tend to be higher than on shorter loans. The ten-year treasury yield influences these rates, since it is a long-term rate that most investors accept as risk-free. Additionally, a decline in the value of homeowner equity could lead to a situation where the debtor is “underwater” and owes more than the home is worth.