Charge-Off Rate on Single-Family Residential Mortgages
Mortgage loans written off as uncollectable
What is the current Charge-Off Rate on Single-Family Residential Mortgages?
The charge-off rate on single-family residential mortgages was effectively 0.0% in the latest quarter, according to the Federal Reserve. This historically low level reflects tight underwriting standards implemented after the 2008 crisis. However, the American Distress Index monitors this as a lagging indicator — charge-offs spike well after delinquencies begin rising. Source: Federal Reserve via FRED (CORSFRMACBS).
Charge-Off Rate on Single-Family Residential Mortgages at 0.0%
Tracking stable relative to recent baseline.
Explore Further
How has Charge-Off Rate on Single-Family Residential Mortgages changed over time?
| Period | Value | YoY Change |
|---|---|---|
| Q4 2025 | 0% | +0.0 pts |
| Q3 2025 | 0% | +0.0 pts |
| Q2 2025 | 0% | +0.0 pts |
| Q1 2025 | 0% | +0.0 pts |
| Q4 2024 | 0% | +0.0 pts |
| Q3 2024 | -0.01% | −0.0 pts |
| Q2 2024 | -0.01% | −0.0 pts |
| Q1 2024 | 0% | +0.0 pts |
| Q4 2023 | 0% | +0.0 pts |
| Q3 2023 | 0% | +0.0 pts |
| Q2 2023 | 0.01% | +0.0 pts |
| Q1 2023 | -0.01% | +0.0 pts |
Frequently Asked Questions
What is the mortgage charge-off rate?
The mortgage charge-off rate measures the percentage of single-family home loans that banks write off as uncollectible. Currently near 0.0%, it remains historically low.
Why is the rate so low?
Tight post-2008 underwriting standards, strong home equity positions, and government forbearance programs have kept mortgage losses minimal. But charge-offs are a lagging indicator — they follow delinquency by 12-18 months.
Where does this data come from?
Published quarterly by the Federal Reserve Board, available via FRED series CORSFRMACBS.
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