FHFA releases NMDB residential mortgage dashboard

The FHFA has announced it has updated the National Mortgage Database (NMDB®) Aggregate Statistics series to include new quarterly data on the loan performance of residential mortgages through the second quarter of 2024. The Agency also released a new interactive data visualization dashboard tool that enables users to more easily access the loan performance data.

Highlights of the quarterly data include—

• 0.1 percent of all outstanding mortgages were in the process of foreclosure, bankruptcy, or deed-in-lieu at the end of the second quarter of 2024. This level is unchanged from recent quarters and well below the high of 3.5 percent reached in the fourth quarter of 2010 and first quarter of 2011.
• An additional 0.6 percent of all outstanding mortgages were 90 days or more past due but not in a foreclosure, bankruptcy, or deed-in-lieu process. Louisiana (1.3%), Mississippi (1.1%), and the District of Columbia (1.1%) have the highest share of loans 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%).