Legal Filings

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?

MORTGAGE CHARGE-OFF RATE
0%
of mortgage balances charged off as losses

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).

Mortgage charge-offs at zero — a sign of how different this cycle is

Board of Governors data. During the GFC, mortgage charge-offs peaked at 2.8%. Today's housing distress is showing up in insurance and taxes, not defaults.

Source: Board of Governors via FRED via FRED (CORSFRMACBS) ↗
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How has Charge-Off Rate on Single-Family Residential Mortgages changed over time?

CSV Chart Card
Mortgage charge-offs remain near zero
Charge-off rate on single-family residential mortgages
Charge-Off Rate on Single-Family Residential Mortgages
Data: Board of Governors via FRED Updated Apr 2026

Most affected counties

Counties with the highest legal distress scores in the County Distress Index.

1 Autauga County AL 98.8 2 Barbour County AL 98.8 3 Chambers County AL 98.8 4 Coffee County AL 98.8 5 Covington County AL 98.8 6 Dale County AL 98.8 7 Dallas County AL 98.8 8 Elmore County AL 98.8 9 Geneva County AL 98.8 10 Houston County AL 98.8
Explore all 3,144 counties →
Historical data
Quarterly · Board of Governors via FRED
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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Why does Charge-Off Rate on Single-Family Residential Mortgages matter?

Charge-Off Rate on Single-Family Residential Mortgages is one of 91 indicators in the American Distress Index's legal filings layer — the signal that predicted the 2008 crisis two years before delinquency data confirmed it.
View methodology →
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