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).

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.

This statistic presents the share of federal housing administration loans entering the foreclosure process in the United States from 2000 to 2018. The share of federal housing administration loans entering the foreclosure process decreased from *** percent in 2000 to * percent in 2018.

Under the effects of the coronavirus pandemic, delinquency rates surged for all loan types in 2020. Nevertheless, due the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), foreclosure rates remained low.

2018 Foreclosure Properties registered with the LAHD from January 1, 2018 through December 31, 2018

This statistic shows the average number of days taken to complete a foreclosure in the United States from the first quarter of 2007 to the third quarter of 2018. In the third quarter of 2018, foreclosures in the U.S. were completed, on average, in *** days.

The percentage of properties where the lending company or loan servicer has filed a foreclosure proceeding with the Baltimore City Circuit Court out of all residential properties within an area. This is not a measure of actual foreclosures since not every property that receives a filing results in a property dispossession. Source: Baltimore City Circuit Court Years Available: 2010, 2011, 2012, 2013, 2014, 2015, 2016, 2017, 2018, 2019, 2020

Analysis of ‘2018 Registered Foreclosure Properties’ provided by Analyst-2 (analyst-2.ai), based on source dataset retrieved from https://catalog.data.gov/dataset/b8c50cb1-0028-4c08-ba61-03c48c3db533 on 30 September 2021.

--- Dataset description provided by original source is as follows ---

2018 Foreclosure Properties registered with the HCIDLA from January 1, 2018 through December 31, 2018

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Financial institutions that have filed an exemption for participation in foreclosure mediation in 2018, pursuant to SB 558.

United States NCUA: State: Assets: Foreclosed & Repossessed Assets data was reported at 345,635.640 USD th in Jun 2018. This records a decrease from the previous number of 380,245.450 USD th for Mar 2018. United States NCUA: State: Assets: Foreclosed & Repossessed Assets data is updated quarterly, averaging 502,334.742 USD th from Mar 2005 (Median) to Jun 2018, with 54 observations. The data reached an all-time high of 998,074.546 USD th in Mar 2011 and a record low of 99,955.114 USD th in Mar 2005. United States NCUA: State: Assets: Foreclosed & Repossessed Assets data remains active status in CEIC and is reported by National Credit Union Administration. The data is categorized under Global Database’s United States – Table US.KB046: Financial Data: National Credit Union Administration: State Institutions.

This statistic shows the number of properties with foreclosure filings in selected cities in the United States in the first half of 2018. In that period, there were ***** properties with foreclosure filings in Philadelphia, Pennsylvania.

The portion of the homes and condominiums sold that were identified as being owned by the bank (REO) out of all residential properties sold in a calendar year. Source: RBIntel Years Available: 2010, 2011, 2012, 2013, 2014, 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022, 2023

The percentage of properties where the lending company or loan servicer has filed a foreclosure proceeding with the Baltimore City Circuit Court out of all residential properties within an area. This is not a measure of actual foreclosures since not every property that receives a filing results in a property dispossession. Source: Baltimore City Circuit Court Years Available: 2010, 2011, 2012, 2013, 2014, 2015, 2016, 2017, 2018, 2019, 2020

Snapshot img { margin: 10px !important; } About Housing Mortgage Mortgage is a debt instrument that the borrower is obliged to pay back with a fixed set of payments and is secured by the collateral of a specified real estate property. Mortgages enable individuals and businesses to make large real estate purchases without paying the entire value of the purchase in one go. Borrowers repay the loan along with interest over a period of many years until they eventually own the property free and clear. However, if borrowers stop paying the mortgage, the lender can foreclose and may evict the property’s owner and sell it, using the income from the sale to clear the mortgage debt. In a fixed-rate mortgage system, borrowers pay the same interest rate for the life of the loan. Most fixed-rate mortgages have a 15 or 30-year term. There is no influence on borrowers’ payment if market interest rates rise. However, if market interest rates decline significantly, borrowers may be able to secure that lower rate by means of refinancing the mortgage. TechNavio's analysts forecast the Housing Mortgage market in the US to grow at a CAGR of 1.75 percent over the period 2013-2018.Covered in this Report This report covers the present scenario and the growth prospects of the Housing Mortgage market in the US for the period 2014-2018. To calculate the market size, the report considers the loan volume of primary housing mortgage banks, credit unions, and financial institutions. It takes into consideration the various product segments such as Home Purchase, Home Improvement, and Refinancing. The report mentions the role played by Federal Government by the way of government-sponsored enterprises operating in the system. TechNavio's report, the Housing Mortgage Market in the US 2014-2018, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the US; it also covers the landscape of the Housing Mortgage market in the US and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.Key Regions • USKey Vendors • Bank of America • Citigroup • JPMorgan Chase • U.S. Bancorp • Wells FargoOther Prominent Vendors • Ally Financial • Capital One Financial • Fifth Third Bancorp • Flagstar Bank, FSB • SunTrust Banks • Quicken Loans • Regions FinancialMarket Driver • Improved Demand for Home Loans • For a full, detailed list, view our reportMarket Challenge • Shrinking Lending Capacity • For a full, detailed list, view our reportMarket Trend • Less Incidence of Foreclosures • For a full, detailed list, view our reportKey Questions Answered in this Report • What will the market size be in 2018 and what will the growth rate be? • What are the key market trends? • What is driving this market? • What are the challenges to market growth? • Who are the key vendors in this market space? • What are the market opportunities and threats faced by the key vendors? • What are the strengths and weaknesses of the key vendors?

This statistic presents the share of prime conventional loans in the foreclosure process in the United States from 2005 to 2018. The share of prime conventional loans in the foreclosure process was *** percent in 2005 and it remained the same in 2018. Under the effects of the coronavirus pandemic, delinquency rates surged for all loan types in 2020. Nevertheless, due the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), foreclosure rates remained low.

United States NCUA: All Inst: Assets: Foreclosed & Repossessed Assets data was reported at 727,770.836 USD th in Sep 2018. This records a decrease from the previous number of 757,021.876 USD th for Jun 2018. United States NCUA: All Inst: Assets: Foreclosed & Repossessed Assets data is updated quarterly, averaging 993,212.244 USD th from Mar 2005 (Median) to Sep 2018, with 55 observations. The data reached an all-time high of 1,900,268.234 USD th in Mar 2011 and a record low of 218,310.941 USD th in Jun 2005. United States NCUA: All Inst: Assets: Foreclosed & Repossessed Assets data remains active status in CEIC and is reported by National Credit Union Administration. The data is categorized under Global Database’s United States – Table US.KB044: Financial Data: National Credit Union Administration: All Institutions.

United States HH Debt: Consumer Foreclosures data was reported at 74.860 NA th in Mar 2020. This records an increase from the previous number of 71.420 NA th for Dec 2019. United States HH Debt: Consumer Foreclosures data is updated quarterly, averaging 170.480 NA th from Sep 1999 (Median) to Mar 2020, with 83 observations. The data reached an all-time high of 566.180 NA th in Jun 2009 and a record low of 64.360 NA th in Sep 2018. United States HH Debt: Consumer Foreclosures data remains active status in CEIC and is reported by Federal Reserve Bank of New York. The data is categorized under Global Database’s United States – Table US.KB027: Household Debt.

This statistic shows the likelihood of residence being foreclosed upon according to mortgage holders in the United States in 2018. In 2018, ** percent of the respondents said that it was very unlikely that they would experience the foreclosure of their residence.

Thailand BAC: Assets: Properties Foreclosed: Net data was reported at 0.000 THB th in Jun 2018. This stayed constant from the previous number of 0.000 THB th for May 2018. Thailand BAC: Assets: Properties Foreclosed: Net data is updated monthly, averaging 0.000 THB th from Jan 2011 (Median) to Jun 2018, with 90 observations. Thailand BAC: Assets: Properties Foreclosed: Net data remains active status in CEIC and is reported by Bank of Thailand. The data is categorized under Global Database’s Thailand – Table TH.KB058: Balance Sheet: Foreign Bank: Bank of America.

Thailand Sec Co: Assets: OA: Properties Foreclosed data was reported at 65.392 THB mn in Mar 2018. This stayed constant from the previous number of 65.392 THB mn for Dec 2017. Thailand Sec Co: Assets: OA: Properties Foreclosed data is updated quarterly, averaging 78.611 THB mn from Mar 2011 (Median) to Mar 2018, with 29 observations. The data reached an all-time high of 110.270 THB mn in Sep 2011 and a record low of 65.392 THB mn in Mar 2018. Thailand Sec Co: Assets: OA: Properties Foreclosed data remains active status in CEIC and is reported by Securities and Exchange Commission. The data is categorized under Global Database’s Thailand – Table TH.Z021: Securities Company Statistics.

Thailand CB: Assets: Properties Foreclosed data was reported at 6,559.000 THB mn in Sep 2018. This records an increase from the previous number of 6,334.000 THB mn for Jun 2018. Thailand CB: Assets: Properties Foreclosed data is updated quarterly, averaging 6,064.000 THB mn from Mar 2011 (Median) to Sep 2018, with 31 observations. The data reached an all-time high of 8,951.000 THB mn in Mar 2011 and a record low of 5,457.000 THB mn in Sep 2015. Thailand CB: Assets: Properties Foreclosed data remains active status in CEIC and is reported by Bank of Thailand. The data is categorized under Global Database’s Thailand – Table TH.KB072: Assets and Liabilities: Average: Commercial Bank: Local.