Following the drastic increase directly after the COVID-19 pandemic, the delinquency rate started to gradually decline, falling to 3.37 percent in the second quarter of 2023. In the four quarters, the delinquency rate increased slightly, reaching 3.97 percent. That was significantly lower than the 8.22 percent during the onset of the COVID-19 pandemic in the second quarter of 2020 or the peak of 9.3 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 are eventually able to service their loan, though, as indicated by the markedly lower foreclosure rates. Total home mortgage debt in the U.S. stood at almost 13 trillion U.S. dollars in 2023. 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 26 percent around this time. These higher delinquency rates translate into higher foreclosure rates, which peaked at just under 15 percent of all subprime mortgages in 2011.

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 Q4 2024 about domestic offices, delinquencies, 1-unit structures, mortgage, family, residential, commercial, domestic, banks, depository institutions, rate, and USA.

Mortgage delinquency rates increased in all states in 2023, except in Connecticut, Delaware, Rhode Island, Vermont, West Virginia, and Wyoming. That year, the percentage of total mortgage debt that was more than 90 days delinquent was the highest in Louisiana, at over one percent. While other years New York State had the highest delinquency rates. The overall mortgage delinquency rate in the United States declined since spiking in the beginning of the pandemic, as the U.S. job market rebounded over the course of 2020 and 2021.

This statistics illustrates the default rate (DR) on retail loans in Central and Eastern Europe (CEE) as of the first quarter of 2020, by country. Default rates generally displays the percentage of loans that have been charged off by a bank after a prolonged period of missed payments by the loans receiver. Banking sectors within a country preferably want a low default rate loans. The default rate of SRomanian banks for retail loans as of the first quarter of 2020 was approximately 6.7 percent, while Estonia had a default rate of 0.25 percent.

Graph and download economic data for Delinquency Rate on Commercial Real Estate Loans (Excluding Farmland), Booked in Domestic Offices, All Commercial Banks (DRCRELEXFACBS) from Q1 1991 to Q4 2024 about farmland, domestic offices, delinquencies, real estate, commercial, domestic, loans, banks, depository institutions, rate, and USA.

This statistics illustrates the default rate (DR) on corporate loans in Central and Eastern Europe (CEE) as of the first quarter of 2020, by country. Default rates generally displays the percentage of loans that have been charged off by a bank after a prolonged period of missed payments by the loans receiver. Banking sectors within a country preferably want a low default rate. The default rate of Romanian banks as of the first quarter of 2020 was approximately 3.48 percent, while Croatia and Slovakia had default rates of 2.95 percent and 2.39 percent respectively.

As of March 2024, the 30-day delinquency rate for commercial mortgage-backed securities (CMBS) varied per property type. The share of late payments for office CMBS was the highest at over 6.58 percent, about two percentage points higher than the average for all asset classes. A 30-day delinquency refers to payments that are one month late, regardless of how many days the month has. Commercial mortgage-backed securities are fixed-income investment products which are backed by mortgages on commercial property.

Loans to households includes both consumer debt and mortgage loans. In February 2023, the share of delinquent household loans, excluding credit card debt, in South Korea stood at 0.3 percent. The delinquency rate has remained stable since November 2022.

Since the start of the coronavirus (COVID-19) crisis, many businesses have had to close their doors or have struggled to pay rent. As a result, commercial property landlords suffered loss of income, leading to failure to repay mortgage loans. In 2020, the default rate of commercial real estate mortgages rose to 4.6 percent, which is the highest value observed since the global financial crisis.

Graph and download economic data for Delinquency Rate on Consumer Loans, All Commercial Banks (DRCLACBS) from Q1 1987 to Q4 2024 about delinquencies, commercial, loans, consumer, banks, depository institutions, rate, and USA.

As of March 2024, the 30-day delinquency rate for multifamily mortgage-backed securities (CMBS) stood notably lower than the average for commercial real estate. The share of late payments for multifamily CMBS amounted to 1.84 percent, compared to an average of 4.67 percent for all property types. Although multifamily properties had one of the lowest delinquency rates in the commercial real estate sector, industrial property had an even lower rate.

Graph and download economic data for Delinquency Rate on Credit Card Loans, All Commercial Banks (DRCCLACBS) from Q1 1991 to Q4 2024 about credit cards, delinquencies, commercial, loans, banks, depository institutions, rate, and USA.

In 2023, the delinquency rates of all types of mortgage lenders in Canada increased. As of the fourth quarter of the year, approximately 1.05 percent of loans in the loan portfolios of mortgage investment entities (MIEs) were classified as delinquent, which was a decrease from the 0.78 percent delinquency rate a year ago. A loan is reported by lenders as being delinquent after 270 days of late payments.

Graph and download economic data for Delinquency Rate on All Loans, All Commercial Banks (DRALACBN) from Q1 1985 to Q4 2024 about delinquencies, commercial, loans, banks, depository institutions, rate, and USA.

The mortgage delinquency rate for Veterans Administration (VA) loans in the United States has decreased since 2020. Under the effects of the coronavirus pandemic, the mortgage delinquency rate for VA loans spiked from 2.81 percent in the first quarter of 2020 to 8.05 percent in the second quarter of the year. In the second quarter of 2024, the delinquency rate amounted to 4.63 percent. Historically, VA mortgages have significantly lower delinquency rate than conventional mortgages.

Data on the number of OSAP loan recipients who received repayment assistance: * 2010-11 OSAP loan recipients who received repayment assistance before July 2013. * 2011-12 OSAP loan recipients who received repayment assistance before July 2014. * 2012-13 OSAP loan recipients who received repayment assistance before July 2015. * 2013-14 OSAP loan recipients who received repayment assistance before July 2016. * 2014-15 OSAP loan recipients who received repayment assistance before July 2017. * 2015-16 OSAP loan recipients who received repayment assistance before July 2018. * 2016-17 OSAP loan recipients who received repayment assistance before July 2019. * 2017-18 OSAP loan recipients who received repayment assistance before July 2020. Data is presented at the following levels: * all of Ontario * postsecondary sector * individual postsecondary institution * individual program of individual postsecondary institution Data fields are: * postsecondary sector (university, college of applied arts and technology, private career college, other private or publicly funded postsecondary institutions) * institution name * program name (starting with the 2014 rates) * number of OSAP loan recipients who last received an OSAP loan in 2010-11, 2011-12, 2012-13, 2013-14, 2014-15, 2015-16, 2016-17, and 2017-18 * number of Repayment Assistance Plan participants as of July 2013, July 2014, July 2015, July 2016, July 2017, July 2018, July 2019, and July 2020 * repayment assistance participation rate for 2013, 2014, 2015, 2016, 2017, 2018, 2019, 2020 Get more information about OSAP loan default rates. *[OSAP]: Ontario Student Assistance Program

From May to June 2020, the commercial mortgage delinquency rate in the hotel sector in the United States went up from two percent to 11.49 percent. The leisure and hospitality sector was one of the most affected sectors by the COVID-19 pandemic. As for the multifamily sector, the delinquency rate increased only by 0.18 percent in that time period.

This table contains 102 series, with data starting from 2013, and some select series starting from 2016. This table contains data described by the following dimensions (Not all combinations are available): Geography (1 item: Canada), Components (51 items: Total, funds advanced, residential mortgages, insured; Variable rate, insured; Fixed rate, insured, less than 1 year; Fixed rate, insured, from 1 to less than 3 years; ...), and Unit of measure (2 items: Dollars; Interest rate). For additional clarification on the component dimension, please visit the OSFI website for the Report on New and Existing Lending.

The S&P/Experian first mortgage default index stood at 0.36 as of May 2022, meaning that based on data from the most recent three months, the annualized share of default first mortgages was 0.36 percent. This was lower than the default rate index of second mortgages and home equity loans. Although the index rose in 2022, it remained below the levels observed in the first two months of 2020 when it amounted to approximately 0.8 percent.

Key information about Malaysia Non Performing Loans Ratio

• Malaysia Non Performing Loans Ratio stood at 1.5 % in Jan 2025, compared with the ratio of 1.4 % in the previous month
• Malaysia Non Performing Loans Ratio data is updated monthly, available from Dec 2005 to Jan 2025
• The data reached an all-time high of 9.5 % in Feb 2006 and a record low of 1.4 % in Sep 2020

CEIC calculates monthly Non Performing Loans Ratio from monthly Non Performing Loans and monthly Total Loans. Bank Negara Malaysia provides Non Performing Loans and Total Loans. Non Performing Loans are defined as loans overdue for more than 90 days. Non Performing Loans Ratio prior to July 2021 is based on the old methodology.


Further information about Malaysia Non Performing Loans Ratio

• In the latest reports, Money Supply M2 in Malaysia increased 3.4 % YoY in Jan 2025
• Malaysia Foreign Exchange Reserves was measured at 108.1 USD bn in Feb 2025
• The Foreign Exchange Reserves equaled 6.3 Months of Import in May 2023
• The country's Domestic Credit reached 634.4 USD bn in Jan 2025, representing an increased of 4.3 % YoY
• Household Debt of Malaysia reached 334.3 USD bn in Dec 2023, accounting for 84.2 % of the country's Nominal GDP