FHFA Releases Residential Mortgage Dashboard to Include Quarterly Data on Mortgage Loan Performances
The Federal Housing Finance Agency (FHFA) has launched an updated National Mortgage Database (NMDB®) Residential Mortgage Dashboard, providing a new interactive tool for analyzing the performance of residential mortgages across national, state, and metropolitan levels. The dashboard includes quarterly data through the second quarter of 2024, allowing users to easily access and identify emerging trends in the mortgage market. According to Dr. Anju Vajja, Deputy Director of FHFA’s Division of Research and Statistics, this tool enhances public accessibility to critical mortgage performance statistics.
Key highlights from the NMDB data reveal that only 0.1% of outstanding mortgages were in foreclosure, bankruptcy, or deed-in-lieu processes by the end of Q2 2024, maintaining a steady decline from previous years. Additionally, 0.6% of loans were 90 days or more past due, with states like Louisiana and Mississippi showing higher delinquency rates. The forbearance rate stood at 0.6%, with notable concentrations in metropolitan areas such as Dallas and Louisville. The NMDB serves as a crucial resource for industry professionals, fulfilling statutory requirements to provide transparent and comprehensive mortgage market data. For more details, visit the FHFA website.
