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.

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, residential, commercial, domestic, banks, depository institutions, rate, and USA.

Mortgage delinquency rates increased in most states in 2024. That year, the percentage of total mortgage debt that was more than ** days delinquent was the highest in Louisiana, at **** percent. Conversely, Wisconsin and Montana had the lowest delinquency rates, at under **** percent. The overall mortgage delinquency rate in the United States declined since spiking at the beginning of the pandemic, as the U.S. job market rebounded over the course of 2020 and 2021.

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 Q2 2025 about farmland, domestic offices, delinquencies, real estate, commercial, domestic, 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 Consumer Loans, All Commercial Banks (DRCLACBS) from Q1 1987 to Q2 2025 about delinquencies, commercial, loans, consumer, banks, depository institutions, rate, and USA.

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 Credit Card Loans, All Commercial Banks (DRCCLACBS) from Q1 1991 to Q2 2025 about credit cards, delinquencies, commercial, loans, banks, depository institutions, rate, and USA.

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.

The delinquency rate on real estate loans at commercial banks in the United States rose slightly between the fourth quarter of 2022 and the fourth quarter of 2024. Nevertheless, delinquencies remained below the 2020 levels, when the share of loans past due 30 days rose due to the COVID-19 pandemic. Recently, the gap between residential and commercial real estate loans has narrowed, with the delinquency rate for commercial real estate rising faster than for residential.

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 *** percent. The delinquency rate has remained stable since November 2022.

The mortgage delinquency rate for Federal Housing Administration (FHA) loans in the United States declined since 2020, when it peaked at ***** percent. In the second quarter of 2024, **** percent of FHA loans were delinquent. Historically, FHA mortgages have the highest delinquency rate of all mortgage types.

Due to the impact of the ******** pandemic, starting on **************, the U.S. federal government paused payments on federal student loans, moving billions of dollars of student debt into forbearance. Federal student loans are in forbearance, meaning that no payments need to be made, and the interest rate has been set to zero percent until ******************. Because of this, student loan delinquencies also decreased, with the largest percent change experienced by accounts that are ** to *** days past due, with a ** percent decrease in delinquencies.

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 **** percent in the first quarter of 2020 to **** percent in the second quarter of the year. In the second quarter of 2024, the delinquency rate amounted to **** percent. Historically, VA mortgages have significantly lower delinquency rate than conventional mortgages.

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 **** percent, compared to an average of **** 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.

View quarterly updates and historical trends for US Auto Loans Delinquent by 90 or More Days. from United States. Source: Federal Reserve Bank of New York…

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 global loan servicing software market was valued at USD 563 million in 2019 and is estimated to reach USD 1216 million by 2026, expanding at a CAGR of 11% during the forecast period, 2020 – 2026. The growth of the market is attributed to rising banking and financial institutes and increasing need of streamlining loan process.



Several financial institutions need higher risk controls during the loan process to ensure enhance capital, fewer losses and lending ability according to the regulatory requirements. Loan servicing software is useful for banks, credit unions, and mortgage lenders for real time data deliver precise analysis related to price setting and credit profiles of potential clients. Loan servicing software also helps commercial finance companies, specialty lenders, wholesale lenders, and banks to manage all mortgages, notes, contracts, and installment loans. Loan servicing software works as a broad credit reporting software, transaction processing and banking, collection management system, investor accounting, and loan servicing system. Financial institutions and banks are more focused on decreasing the delinquency rates of the loans with the help of available technological solutions, such as internet of things, analytics solutions and big data, for the same.

Drivers, Restrains, Opportunities and Market Trends:

• Loan servicing software automates loan results and plays a major role in increasing the speed of service and borrower satisfaction. These factor is anticipated to boost the global loan service software market during the forecast period.
• The increasing requirement by the financial institute and banks to comply with multiple regulations and increase in the number of key players is expected to drive the market during the forecast period.
• Increasing adoption of advanced technology for loan servicing and increasing incidence of mergers and acquisitions across the world is expected to boost the market during the forecast period.
• Intensified competition in the market is expected to restrain the global loan service software market during the forecast period.
• Security risks associated with software service offerings is expected to restraint the market during the forecast period.
• Increase in popularity and demand for loan service software is expected to offer growth opportunities in the global loan service software market during the forecast.
• Loan lending is time consuming and complex process, several key players in the market have considered this as business opportunities to offer products such as loan management software, loan originating software, and loan analytics software solutions to financial institutions.
• Rise of software based loan services is an emerging trend in company application. Global loan service software market is presently witnessing increase in adoption of the same by many financial institution and banks to manage the whole lending cycle.
• Lenders have effectively started using analytics, as is one of the loan servicing software market trends, which is expected to gain traction during the forecast period.

Scope of the Report:

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).

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.