Charge-Off Rate on Single-Family Residential Mortgages
Home loans banks wrote off, net of recoveries
Where the Charge-Off Rate on Single-Family Residential Mortgages stands now
The Charge-Off Rate on Single-Family Residential Mortgages was 0.00% in the second quarter of 2026. Since 2010 it has ranged from -0.04% in the third quarter of 2019 to 2.43% in the first quarter of 2010.
What it means for households: Foreclosure Statistics Behind on payments? Foreclosure: What to Know
How the Charge-Off Rate on Single-Family Residential Mortgages has moved since 1991
Charge-Off Rate on Single-Family Residential Mortgages: little changed over the past year
Net charge-off rate on 1-4 family residential loans incl. home equity lines, U.S. commercial banks, annualized percent, seasonally adjusted: 0.00% in the second quarter of 2026, the same as a year earlier. Quarterly, 1991–2026.
What the Charge-Off Rate on Single-Family Residential Mortgages measures
A higher rate is worse for households.
In our research, this measure and Charge-Off Rate on All Loans have tended to move in the same quarters. How we tested this
How the Charge-Off Rate on Single-Family Residential Mortgages feeds the American Distress Index
The American Distress Index (ADI) is our quarterly 0–100 score of how much financial strain U.S. households are under. Defaults and court filings are one of its five equal parts, and the Charge-Off Rate on Single-Family Residential Mortgages is one of the two default and court measures inside that part.
In the second quarter of 2026, the Charge-Off Rate on Single-Family Residential Mortgages was higher than in 23% of the quarters since 1991, so it held the score down. The index stood at 47.0, which we call Typical.
Charge-Off Rate on Single-Family Residential Mortgages by quarter, 1991 to 2026
Every quarter since 1991, newest first. The change compares each quarter with the same quarter a year earlier.
The source changed how it measures this in Q1 2001. Readings before the March 2001 Call Report are partly estimated by the Federal Reserve rather than reported in full detail. Smaller banks filed the FFIEC 033 and 034 forms and could report charged-off and delinquent loans under their own loan classifications instead of the regulatory ones, so the Federal Reserve adjusted and allocated those amounts to the published loan categories using estimated ratios that differed by loan category. The Board states that from the March 2001 Call Report the detail reported by all banks eliminated the need for those procedures. In February 2017 it updated the models used to estimate data not reported by small banks that filed the FFIEC 034 form and revised the pre-2001 rates for several series, so values on that side of the boundary have already moved once without any new bank report. Figures on either side are not directly comparable, so the change column stays blank where a comparison would cross that date. Source documentation.
| Quarter | Rate (%) | Change from a year earlier (percentage points) |
|---|---|---|
| Q2 2026 | 0.00 | 0.00 |
| Q1 2026 | 0.00 | 0.00 |
| Q4 2025 | 0.00 | 0.00 |
| Q3 2025 | 0.00 | +0.01 |
| Q2 2025 | 0.00 | +0.01 |
| Q1 2025 | 0.00 | 0.00 |
| Q4 2024 | 0.00 | 0.00 |
| Q3 2024 | −0.01 | −0.01 |
| Q2 2024 | −0.01 | −0.02 |
| Q1 2024 | 0.00 | +0.01 |
| Q4 2023 | 0.00 | +0.02 |
| Q3 2023 | 0.00 | +0.02 |
| Q2 2023 | 0.01 | +0.03 |
| Q1 2023 | −0.01 | +0.02 |
| Q4 2022 | −0.02 | 0.00 |
| Q3 2022 | −0.02 | +0.02 |
| Q2 2022 | −0.02 | +0.02 |
| Q1 2022 | −0.03 | +0.01 |
| Q4 2021 | −0.02 | +0.01 |
| Q3 2021 | −0.04 | −0.04 |
| Q2 2021 | −0.04 | −0.04 |
| Q1 2021 | −0.04 | −0.01 |
| Q4 2020 | −0.03 | −0.04 |
| Q3 2020 | 0.00 | +0.04 |
| Q2 2020 | 0.00 | +0.02 |
| Q1 2020 | −0.03 | −0.03 |
| Q4 2019 | 0.01 | +0.01 |
| Q3 2019 | −0.04 | −0.02 |
| Q2 2019 | −0.02 | −0.02 |
| Q1 2019 | 0.00 | −0.02 |
| Q4 2018 | 0.00 | −0.02 |
| Q3 2018 | −0.02 | −0.06 |
| Q2 2018 | 0.00 | −0.05 |
| Q1 2018 | 0.02 | −0.03 |
| Q4 2017 | 0.02 | −0.05 |
| Q3 2017 | 0.04 | −0.06 |
| Q2 2017 | 0.05 | −0.07 |
| Q1 2017 | 0.05 | −0.07 |
| Q4 2016 | 0.07 | −0.13 |
| Q3 2016 | 0.10 | −0.05 |
| Q2 2016 | 0.12 | −0.10 |
| Q1 2016 | 0.12 | −0.14 |
| Q4 2015 | 0.20 | −0.06 |
| Q3 2015 | 0.15 | −0.12 |
| Q2 2015 | 0.22 | −0.07 |
| Q1 2015 | 0.26 | −0.09 |
| Q4 2014 | 0.26 | −0.22 |
| Q3 2014 | 0.27 | −0.21 |
| Q2 2014 | 0.29 | −0.46 |
| Q1 2014 | 0.35 | −0.53 |
| Q4 2013 | 0.48 | −0.59 |
| Q3 2013 | 0.48 | −1.27 |
| Q2 2013 | 0.75 | −0.48 |
| Q1 2013 | 0.88 | −0.48 |
| Q4 2012 | 1.07 | −0.33 |
| Q3 2012 | 1.75 | +0.23 |
| Q2 2012 | 1.23 | −0.43 |
| Q1 2012 | 1.36 | −0.33 |
| Q4 2011 | 1.40 | −0.59 |
| Q3 2011 | 1.52 | −0.39 |
| Q2 2011 | 1.66 | −0.46 |
| Q1 2011 | 1.69 | −0.74 |
| Q4 2010 | 1.99 | — |
| Q3 2010 | 1.91 | — |
| Q2 2010 | 2.12 | — |
| Q1 2010 | 2.43 | — |
| Q4 2009 | 2.80 | — |
| Q3 2009 | 2.43 | — |
| Q2 2009 | 2.30 | — |
| Q1 2009 | 1.80 | — |
| Q4 2008 | 1.66 | — |
| Q3 2008 | 1.83 | — |
| Q2 2008 | 1.16 | — |
| Q1 2008 | 0.84 | — |
| Q4 2007 | 0.48 | — |
| Q3 2007 | 0.26 | — |
| Q2 2007 | 0.17 | — |
| Q1 2007 | 0.14 | — |
| Q4 2006 | 0.13 | — |
| Q3 2006 | 0.11 | — |
| Q2 2006 | 0.08 | — |
| Q1 2006 | 0.08 | — |
| Q4 2005 | 0.08 | — |
| Q3 2005 | 0.08 | — |
| Q2 2005 | 0.07 | — |
| Q1 2005 | 0.07 | — |
| Q4 2004 | 0.09 | — |
| Q3 2004 | 0.09 | — |
| Q2 2004 | 0.10 | — |
| Q1 2004 | 0.12 | — |
| Q4 2003 | 0.34 | — |
| Q3 2003 | 0.13 | — |
| Q2 2003 | 0.15 | — |
| Q1 2003 | 0.15 | — |
| Q4 2002 | 0.14 | — |
| Q3 2002 | 0.15 | — |
| Q2 2002 | 0.17 | — |
| Q1 2002 | 0.16 | — |
| Q4 2001 | 0.19 | — |
| Q3 2001 | 0.45 | — |
| Q2 2001 | 0.16 | — |
| Q1 2001 | 0.14 | — |
| Q4 2000 | 0.13 | 0.00 |
| Q3 2000 | 0.11 | −0.02 |
| Q2 2000 | 0.11 | 0.00 |
| Q1 2000 | 0.12 | +0.03 |
| Q4 1999 | 0.13 | +0.06 |
| Q3 1999 | 0.13 | +0.06 |
| Q2 1999 | 0.11 | +0.03 |
| Q1 1999 | 0.09 | +0.01 |
| Q4 1998 | 0.07 | −0.01 |
| Q3 1998 | 0.07 | −0.01 |
| Q2 1998 | 0.08 | −0.02 |
| Q1 1998 | 0.08 | −0.01 |
| Q4 1997 | 0.08 | 0.00 |
| Q3 1997 | 0.08 | −0.01 |
| Q2 1997 | 0.10 | +0.01 |
| Q1 1997 | 0.09 | −0.02 |
| Q4 1996 | 0.08 | −0.03 |
| Q3 1996 | 0.09 | −0.03 |
| Q2 1996 | 0.09 | −0.02 |
| Q1 1996 | 0.11 | −0.02 |
| Q4 1995 | 0.11 | −0.04 |
| Q3 1995 | 0.12 | 0.00 |
| Q2 1995 | 0.11 | −0.06 |
| Q1 1995 | 0.13 | −0.04 |
| Q4 1994 | 0.15 | −0.02 |
| Q3 1994 | 0.12 | −0.07 |
| Q2 1994 | 0.17 | −0.06 |
| Q1 1994 | 0.17 | −0.03 |
| Q4 1993 | 0.17 | −0.09 |
| Q3 1993 | 0.19 | −0.06 |
| Q2 1993 | 0.23 | +0.03 |
| Q1 1993 | 0.20 | 0.00 |
| Q4 1992 | 0.26 | +0.06 |
| Q3 1992 | 0.25 | +0.06 |
| Q2 1992 | 0.20 | +0.02 |
| Q1 1992 | 0.20 | 0.00 |
| Q4 1991 | 0.20 | — |
| Q3 1991 | 0.19 | — |
| Q2 1991 | 0.18 | — |
| Q1 1991 | 0.20 | — |
Quarterly · Board of Governors of the Federal Reserve System data retrieved via FRED (CORSFRMACBS)
Counties with the highest default and legal scores
There's no county figure for this measure, so this list uses the default and legal part of our County Distress Index.
| Rank | County | Score (0–100) |
|---|---|---|
| 1 | Coahoma County, MS | 99 |
| 2 | Clayton County, GA | 98.8 |
| 3 | Petersburg city, VA | 98.8 |
| 4 | Russell County, AL | 98.2 |
| 5 | Dougherty County, GA | 98.2 |
| 6 | Dallas County, AL | 98.1 |
| 7 | Bibb County, GA | 97.8 |
| 8 | Lauderdale County, TN | 97.1 |
| 9 | Crittenden County, AR | 96.9 |
| 10 | Montgomery County, AL | 96.9 |
Questions about the Charge-Off Rate on Single-Family Residential Mortgages
What is the current mortgage charge-off rate?
In the second quarter of 2026, commercial banks' net charge-offs on one- to four-family home loans ran at an annual rate of 0% of average balances, the same as in the first quarter of 2026. That is the Federal Reserve Board's seasonally adjusted series, FRED code CORSFRMACBS.
Does a rate near zero mean banks lost nothing on mortgages?
No. The rate is net of recoveries, so write-offs on some loans can be offset by money recovered on loans written off earlier. The Fed's own table has printed recent quarters as 0.00, a small negative number rounded to zero.
Is this a foreclosure rate?
No. It is a dollar ratio of home-loan balances banks wrote off, not a count of homes or borrowers in foreclosure. A charge-off can come from a value write-down on a late loan, not only from a foreclosure.
Where does this data come from?
The Federal Reserve Board compiles it from the quarterly Call Reports that commercial banks file and publishes it about two months after each quarter ends, with no fixed release date. FRED republishes the seasonally adjusted series as CORSFRMACBS.
Sources and method for the Charge-Off Rate on Single-Family Residential Mortgages
- Board of Governors of the Federal Reserve System data retrieved via FRED (CORSFRMACBS) We use the quarterly figures as published, from the first quarter of 1991 through the second quarter of 2026, with no adjustment of our own. Board of Governors of the Federal Reserve System’s report
- American Default Research · American Distress Index American Default Research uses this rate in the American Distress Index.
We write with assistance from AI tools. Figures come from the data and sources named on this page.