As a result of the coronavirus (COVID-19) crisis, many people worldwide faced job insecurity and loss of income. For mortgage borrowers in the United States, this means increased default and foreclosure risk. Forbearance is a type of borrower assistance which allows the lender to negotiate a temporary postponement of a mortgage repayment. It allows a payment period relief in lieu of the creditor foreclosing on any property that was used as collateral for the loan.
As of March 2022, New York was one of the states in the United States with highest forbearance rate for Freddie Mac single-family housing loans with approximately 0.87 percent of current loans in forbearance.
As of August 2021, the forbearance rate of single-family housing mortgages for investment purposes in the United States was 2.63 percent. Second home mortgages were least affected with 1.1 percent forbearance rate. Forbearance is a type of borrower assistance which allows the lender to negotiate a temporary postponement of a mortgage repayment. It allows a payment period relief in lieu of the creditor foreclosing on any property that was used as collateral for the loan.
As of August 2021, the forbearance rate of single-family housing mortgages owned by Freddie Mac in the U.S. was approximately 2.09 percent. Forbearance is a type of borrower assistance which allows the lender to negotiate a temporary postponement of a mortgage repayment. It allows a payment period relief in lieu of the creditor foreclosing on any property that was used as collateral for the loan.
https://fred.stlouisfed.org/legal/#copyright-public-domainhttps://fred.stlouisfed.org/legal/#copyright-public-domain
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.
https://fred.stlouisfed.org/legal/#copyright-public-domainhttps://fred.stlouisfed.org/legal/#copyright-public-domain
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 Q4 2024 about 30 days +, FR Y-14M, large, balance, mortgage, consumer, banks, depository institutions, rate, and USA.
Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
License information was derived automatically
Forbearance hypothesis Effects on constructed surface
Not seeing a result you expected?
Learn how you can add new datasets to our index.
As a result of the coronavirus (COVID-19) crisis, many people worldwide faced job insecurity and loss of income. For mortgage borrowers in the United States, this means increased default and foreclosure risk. Forbearance is a type of borrower assistance which allows the lender to negotiate a temporary postponement of a mortgage repayment. It allows a payment period relief in lieu of the creditor foreclosing on any property that was used as collateral for the loan.
As of March 2022, New York was one of the states in the United States with highest forbearance rate for Freddie Mac single-family housing loans with approximately 0.87 percent of current loans in forbearance.