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 first 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.

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 Q1 2025 about domestic offices, delinquencies, 1-unit structures, mortgage, family, residential, commercial, domestic, banks, depository institutions, rate, and USA.

Delinquency rates for credit cards picked up in 2025 in the United States, leading to the highest rates observed since 2008. This is according to a collection of one of the United States' federal banks across all commercial banks. The high delinquency rates were joined by the highest U.S. credit card charge-off rates since the Financial Crisis of 2008. Delinquency rates, or the share of credit card loans overdue a payment for more than ** days, can sometimes lead into charge-off, or a writing off the loan, after about six to 12 months. These figures on the share of credit card balances that are overdue developed significantly between 2021 and 2025: Delinquencies were at their lowest point in 2021 but increased to one of their highest points by 2025. This is reflected in the growing credit card debt in the United States, which reached an all-time high in 2023.

United States - Delinquency Rate on Single-Family Residential Mortgages, Booked in Domestic Offices, All Commercial Banks was 1.82% in October of 2024, according to the United States Federal Reserve. Historically, United States - Delinquency Rate on Single-Family Residential Mortgages, Booked in Domestic Offices, All Commercial Banks reached a record high of 11.36 in January of 2010 and a record low of 1.40 in January of 2005. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Delinquency Rate on Single-Family Residential Mortgages, Booked in Domestic Offices, All Commercial Banks - last updated from the United States Federal Reserve on August of 2025.

As of March 2025, 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 **** percent, about ***** 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.

Graph and download economic data for Delinquency Rate on Farmland Loans, Booked in Domestic Offices, All Commercial Banks (DRFLACBN) from Q1 1991 to Q1 2025 about farmland, domestic offices, delinquencies, commercial, domestic, loans, banks, depository institutions, rate, and USA.

United States - Delinquency Rate on Single-Family Residential Mortgages, Booked in Domestic Offices, Banks Ranked 1st to 100th Largest in Size by Assets was 1.89% in January of 2025, according to the United States Federal Reserve. Historically, United States - Delinquency Rate on Single-Family Residential Mortgages, Booked in Domestic Offices, Banks Ranked 1st to 100th Largest in Size by Assets reached a record high of 12.81 in January of 2010 and a record low of 1.38 in October of 2004. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Delinquency Rate on Single-Family Residential Mortgages, Booked in Domestic Offices, Banks Ranked 1st to 100th Largest in Size by Assets - last updated from the United States Federal Reserve on July of 2025.

In the first quarter of 2025, roughly **** percent of all consumer loans at commercial banks in the United States were delinquent. The delinquency rate on this type of credit has been rising again since 2021. Loans are delinquent when the borrower does not pay their obligations on time. One of the reasons for the delinquency rate decreasing during the first years of the COVID-19 pandemic was that the personal saving rate in the U.S. soared during that period. What is the trend in consumer credit levels in the United States? Consumer credit refers to the various types of loans and credit extended to individuals for personal use, often to fund everyday purchases or larger expenses. When credit levels rise, it often signals that consumers are more confident in their ability to manage debt and make future payments. After a period of strong growth between 2021 and early 2023, consumer credit in the United States has been growing at a slower pace. By early 2024, consumer credit levels reached over **** trillion U.S. dollars. What is the main channel for acquiring consumer credit? In 2024, the leading type of consumer credit among consumers in the U.S. was credit card bills. Credit card usage in the North American country was substantial and credit card penetration was expected to reach over **** percent by 2029. Car loans ranked next as a common source of consumer credit, while other types of debt, such as medical bills, home equity lines of credit, and personal educational loans, had lower percentages.

In the first quarter of 2025, credit cards were the type of lending by JP Morgan Chase with the highest net charge-off rate. The charge-off rate of the rest of types of lending were under the average for all products, which stood at 1.54 percent in early 2025. JP Morgan Chase recovered more delinquent mortgage debt than it charged-off from 2018 to 2024, that is reflected by the charge-off rate being negative during that period, showing a net recovery. However, in 2025, home lending the bank charged off more home lending debt than it recovered.

Graph and download economic data for Delinquency Rate on All Loans, All Commercial Banks (DRALACBS) from Q1 1985 to Q1 2025 about delinquencies, commercial, loans, banks, depository institutions, rate, and USA.

United States - Delinquency Rate on Credit Card Loans, All Commercial Banks was 3.05% in January of 2025, according to the United States Federal Reserve. Historically, United States - Delinquency Rate on Credit Card Loans, All Commercial Banks reached a record high of 6.77 in April of 2009 and a record low of 1.53 in July of 2021. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Delinquency Rate on Credit Card Loans, All Commercial Banks - last updated from the United States Federal Reserve on July of 2025.

United States - Delinquency Rate on Loans Secured by Real Estate, Banks Ranked 1st to 100th Largest in Size by Assets was 1.94% in January 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 June of 2025.

Graph and download economic data for Delinquency Rate on Consumer Loans, All Commercial Banks (DRCLACBS) from Q1 1987 to Q1 2025 about delinquencies, commercial, loans, consumer, banks, depository institutions, rate, and USA.

In the first quarter of 2025, roughly **** percent of all borrowing issued by commercial banks in the United States was delinquent. Loans are considered delinquent if they are not paid on their due date. These figures rose at an unprecedented pace during the economic crisis of 2007, with a peak of *** percent in the first quarter of 2010.

The Latin American home mortgage finance market, valued at approximately $XX million in 2025, is projected to experience steady growth, exhibiting a Compound Annual Growth Rate (CAGR) of 3.00% from 2025 to 2033. This growth is fueled by several key drivers, including increasing urbanization, rising disposable incomes across various socioeconomic segments, and government initiatives aimed at boosting homeownership rates. Furthermore, the expansion of the formal financial sector and the availability of innovative mortgage products, such as adjustable-rate mortgages catering to diverse financial profiles, contribute to market expansion. However, economic volatility in certain Latin American nations and fluctuating interest rates pose significant challenges. The market is segmented by mortgage type (fixed-rate and adjustable-rate), loan tenure (ranging from under 5 years to over 25 years), and geography, with Brazil, Chile, Colombia, and Peru representing significant market shares. Competition is intense, with major players including Caixa Economica Federal, Banco do Brasil, Itaú, Bradesco, Santander, and others vying for market dominance. The market's future trajectory hinges on managing economic instability, maintaining affordable interest rates, and continuing to improve access to credit for a broader range of borrowers. The segment analysis reveals that fixed-rate mortgages currently dominate the market, though adjustable-rate mortgages are gaining traction due to their flexibility. Longer-tenure mortgages (11-24 years and 25-30 years) are increasingly popular as borrowers seek more manageable monthly payments. Geographically, Brazil holds the largest market share, reflecting its substantial population and relatively developed financial sector. However, Chile, Colombia, and Peru are showing promising growth potential, driven by improving economic conditions and increased government support for housing initiatives. The Rest of Latin America segment offers considerable untapped potential. Continued economic development and infrastructure improvements in these regions will be instrumental in further propelling market growth in the coming years. A focus on financial literacy and responsible lending practices will be essential for sustainable market development and to mitigate potential risks associated with rapid expansion. Recent developments include: In August 2022, Two new mortgage fintech start-ups emerged in Latin America: Toperty launched in Colombia and Saturn5 is about to launch in Mexico. Toperty offers to purchase a customer's new house outright and provides a payment schedule that allows the customer to purchase the house while renting it from the business. Saturn5 wants to give its clients the skills and resources they need to buy a house on their own., In August 2022, During a conference call on August 5, Brazilian lender Banco Bradesco SA startled analysts by reporting an increase in default rates in the second quarter of 2022. The average 90-day nonperforming loan ratio for Bradesco, the second-largest private bank in Latin America, increased by 30 basis points. Delinquency in the overall portfolio increased to 3.5% from 2.5% and 3.2%, respectively, in the first quarter.. Notable trends are: Increase in Economic Growth and GDP per capita.

The share of mortgages in arrears in Canada reached an all-time low in 2022, followed by an increase until 2025. As of **********, the rate of mortgage arrears was **** percent, up from **** percent in September 2022.

The Latin American home mortgage finance market, valued at approximately $XX million in 2025 (estimated based on provided CAGR and market size), is projected to experience steady growth at a CAGR of 3.00% from 2025 to 2033. This growth is fueled by several key drivers. Rising urbanization and population growth across the region are increasing the demand for housing, particularly in rapidly developing cities like São Paulo, Mexico City, and Bogotá. Government initiatives aimed at improving access to affordable housing, coupled with favorable interest rates in certain periods, are also contributing positively to market expansion. Furthermore, the increasing adoption of digital lending platforms and improved financial inclusion are streamlining the mortgage application process, making homeownership more accessible to a broader segment of the population. However, economic volatility and fluctuating interest rates in some Latin American countries represent significant restraints. Additionally, stringent lending criteria and high down payment requirements can limit access to mortgages for many potential borrowers, particularly in lower-income segments. The market is segmented by mortgage type (fixed-rate and adjustable-rate), loan tenure (categorized into 5-year, 6-10 year, 11-24 year, and 25-30 year terms), and geography (Brazil, Chile, Peru, Colombia, and the Rest of Latin America). Key players include Caixa Econômica Federal, Banco do Brasil, Itaú, Bradesco, Santander, and other major regional and international banks. The market's future trajectory hinges on macroeconomic stability, regulatory reforms, and continued technological advancements in the financial sector. The segment breakdown reveals significant variations across countries. Brazil, given its large population and economy, commands a substantial share of the market. Chile and Colombia also represent significant markets, exhibiting comparatively higher adoption of mortgages due to their relatively stable economies and established financial sectors. Peru and the Rest of Latin America, while showing promising growth potential, face challenges related to infrastructure development and economic uncertainty. The diverse range of loan tenures reflects varying borrower preferences and risk profiles. Longer-term mortgages are generally preferred for larger purchases, while shorter-term options offer greater flexibility. The competitive landscape is marked by the dominance of large, established banks alongside smaller, regional lenders catering to niche market segments. Future growth will likely depend on innovative financial products, competitive pricing, and effective risk management strategies tailored to the unique conditions of each Latin American nation. Recent developments include: In August 2022, Two new mortgage fintech start-ups emerged in Latin America: Toperty launched in Colombia and Saturn5 is about to launch in Mexico. Toperty offers to purchase a customer's new house outright and provides a payment schedule that allows the customer to purchase the house while renting it from the business. Saturn5 wants to give its clients the skills and resources they need to buy a house on their own., In August 2022, During a conference call on August 5, Brazilian lender Banco Bradesco SA startled analysts by reporting an increase in default rates in the second quarter of 2022. The average 90-day nonperforming loan ratio for Bradesco, the second-largest private bank in Latin America, increased by 30 basis points. Delinquency in the overall portfolio increased to 3.5% from 2.5% and 3.2%, respectively, in the first quarter.. Notable trends are: Increase in Economic Growth and GDP per capita.

Private Mortgage Insurance Market Outlook

The global private mortgage insurance market size is projected to grow significantly from approximately USD 6.1 billion in 2023 to an estimated USD 12.4 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 7.9% during the forecast period. This growth is primarily driven by the robust expansion of the housing market and the increasing need for risk mitigation solutions among lenders and borrowers alike.

One of the primary growth factors for the private mortgage insurance market is the rising demand for housing loans. As homeownership continues to be a significant aspiration for many individuals globally, the need for mortgage loans is consequently increasing. Private mortgage insurance serves as a vital tool for lenders to manage the risks associated with lending to borrowers who may not have substantial down payments. This insurance ensures that lenders are protected in the event of borrower default, thereby facilitating more home loan approvals and fostering market growth.

Another significant factor contributing to the market's expansion is the regulatory landscape favoring the adoption of private mortgage insurance. Various governments and regulatory bodies have established guidelines and mandates to ensure that lenders follow prudent risk management practices. These regulations often necessitate the procurement of private mortgage insurance for high-risk loans, further driving the demand for these insurance products. Additionally, tax incentives and other financial benefits associated with private mortgage insurance make it a more attractive option for borrowers, feeding into the overall market growth.

The digital transformation within the financial services sector is also playing a crucial role in accelerating the private mortgage insurance market. The advent of online platforms and fintech innovations has revolutionized the way mortgage insurance is marketed and sold. Digital channels offer greater convenience, efficiency, and accessibility for both lenders and borrowers, allowing for seamless transactions and quicker approvals. This digitization trend is expected to continue, thereby bolstering market growth throughout the forecast period.

Regionally, North America holds a dominant position in the private mortgage insurance market, driven by high homeownership rates and a well-established mortgage infrastructure. Europe follows closely, supported by a strong real estate market and favorable regulatory frameworks. Meanwhile, the Asia Pacific region is expected to witness the fastest growth, attributed to rapid urbanization, increasing disposable incomes, and government initiatives promoting homeownership. Latin America and the Middle East & Africa are also expected to demonstrate substantial growth, albeit at a relatively slower pace, due to ongoing economic development and improving financial inclusion.

Type Analysis

The private mortgage insurance market can be segmented by type into borrower-paid, lender-paid, single premium, and split premium. Borrower-paid mortgage insurance is the most prevalent type, wherein the borrower is responsible for paying the insurance premium. This type offers flexibility and ease of understanding for the borrower since the premium is typically included in the monthly mortgage payments. The borrower-paid segment is expected to continue dominating the market due to its widespread acceptance and straightforward implementation.

Lender-paid mortgage insurance, on the other hand, shifts the responsibility of the premium payment to the lender. In this arrangement, the lender pays the insurance premium and usually recoups the cost through a higher interest rate on the mortgage. Although this type may result in a higher overall loan cost for the borrower, it eliminates the need for separate monthly insurance payments, making the mortgage process simpler for some borrowers. This segment is growing steadily, particularly among borrowers who prefer streamlined financial commitments.

Single premium mortgage insurance involves a one-time upfront payment of the entire insurance premium at the time of loan closing. This type is beneficial for borrowers who have the necessary funds available and wish to avoid ongoing monthly payments. While the single premium option can be cost-effective in the long run, it requires a significant initial outlay, which may not be feasible for all borrowers. Despite this, its appeal to those seeking to minimize long-term expenses ensures its continued presence in the market.

Car loan interest rates in the United States decreased since mid-2024. Thus, the period of rapidly rising interest rates, when they increased from 3.85 percent in December 2021 to 7.92 percent in June 2024, has come to an end. The Federal Reserve interest rate is one of the main causes of the interest rates of loans rising or falling. If inflation stays under control, the Federal Reserve will start cutting the interest rates, which would have the effect of the cost of car loans falling too. How many cars have financing in the United States? Car financing exists because not everyone who wants or needs a car can purchase it outright. A financial institution will then lend the money to the customer for purchasing the car, which must then be repaid with interest. Most new vehicles in the United States in 2024 were purchased using car loans. It is not as common to use car loans for purchasing used vehicles as for new ones, although over a third of used vehicles were purchased using loans. The car industry in the United States The car financing business is huge in the United States, due to the high sales of both new and used vehicles in the country. A lot of the United States is very car-centric, which means that, outside large cities, it can often be difficult to do their daily commutes through other transportation methods. In fact, only a small percentage of U.S. workers used public transport to go to work. That is one of the factors that has helped establish the importance of the automotive sector in North America. Nevertheless, there are still countries in Asia-Pacific, Africa, the Middle East, and Europe with higher car-ownership rates than the United States.

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.