Washington, D.C. – The Federal Housing Finance Agency (FHFA) has updated the National Mortgage Database (NMDB®) aggregate statistics series to include new quarterly residential mortgage loan performance data through the second quarter of 2024. The agency has also released a new interactive data visualization dashboard tool that allows users to more easily access loan performance data.

“The new dashboard makes it easier for the public to quickly access and review mortgage performance statistics at the national and state levels and for the 100 largest metropolitan areas,” said Dr. Anju Vajja, deputy director of the Research and Statistics Division at FHFA. “The NMDB’s quarterly data releases allow the public to monitor and examine the data in more detail to identify evolving trends in the mortgage market.”

The NMDB® Residential Mortgage Performance Statistics shows quarterly credit performance of outstanding residential mortgages through the end of the second quarter of 2024.

Highlights include:

• 0.1 percent of all outstanding mortgages were in foreclosure, bankruptcy or replacement debt at the end of the second quarter of 2024. This value is unchanged compared to the last quarters and is well below the high of 3.5 percent reached in the fourth quarter of 2010 and the first quarter of 2011.
• Another 0.6 percent of all outstanding mortgages were 90 days or more past due but were not in foreclosure, bankruptcy or deed-in-lieu proceedings. Louisiana (1.3%), Mississippi (1.1%) and the District of Columbia (1.1%) have the highest percentages of loans that are 90 days or more past due.
• 0.6 percent of all outstanding loans were in forbearance at the end of the second quarter of 2024. The metropolitan areas with the highest forbearance rates are Dallas-Plano-Irving, TX (5.3%), Louisville-Jefferson County, KY-IN (4.7%). %), and Houston-The Woodlands-Sugar Land, TX (3.7%).

NMDB aggregate statistics include summary statistics from the NMDB data. The NMDB is a closed first lien private mortgage database that contains a nationally representative sample of mortgages in the United States. To make NMDB statistics available to the general public, FHFA produces the NMDB Aggregate Statistics. For more information about NMDB Aggregate Statistics, visit the FHFA website: https://www.fhfa.gov/data/national-mortgage-database-aggregate-statistics.

NMDB’s publication of aggregate statistics meets the statutory requirements of Section 1324(c) of the Federal Housing Enterprises Financial Safety and Soundness Act of 1992, as amended by the Housing and Economic Recovery Act of 2008. The Act requires the FHFA to issue a monthly mortgage must undertake a market survey to collect data on the characteristics of individual mortgages, both corporate (Fannie Mae or Freddie Mac-backed mortgages) and non-corporate mortgages, and to make the data available to the public while respecting the privacy of borrowers protect.

Related Resources:

NMDB® Residential Mortgage Performance Statistics Dashboard

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The Federal Housing Finance Agency regulates Fannie Mae, Freddie Mac and the 11 Federal Home Loan Banks. These government-sponsored companies provide more than $8.4 trillion in financing to the U.S. mortgage markets and financial institutions. For more information, visit www.FHFA.gov, X @FHFA, YouTube, Facebook and LinkedIn.

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