Charge-Off Rate on Single Family Residential Mortgages, Booked in Domestic Offices, All Commercial Banks
CORSFRMACBS • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.01
Year-over-Year Change
-66.67%
Date Range
1/1/1991 - 1/1/2025
Summary
This economic indicator tracks the percentage of single-family residential mortgage loans that banks have written off as uncollectible. It provides critical insight into the health of the housing market and the financial stability of lending institutions.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The charge-off rate reflects the quality of mortgage lending and potential credit risk in the banking system. Economists use this metric to assess the overall economic conditions, borrower creditworthiness, and potential systemic financial stress.
Methodology
Data is collected from commercial banks' financial reports, calculating the total value of mortgage loans charged off divided by the total value of outstanding mortgage loans.
Historical Context
Policymakers and financial regulators use this trend to monitor banking sector health and inform monetary and lending policy decisions.
Key Facts
- Represents the percentage of mortgage loans deemed unrecoverable by banks
- Indicates potential economic stress and lending market conditions
- Fluctuates with economic cycles and housing market performance
FAQs
Q: What does a high charge-off rate indicate?
A: A high charge-off rate suggests increased financial distress among borrowers and potential systemic risks in the banking sector.
Q: How often is this data updated?
A: The charge-off rate is typically reported quarterly by commercial banks and compiled by federal financial regulators.
Q: How do charge-off rates relate to economic recessions?
A: Charge-off rates tend to increase during economic downturns when borrowers face greater difficulty repaying mortgage loans.
Q: What factors influence mortgage charge-off rates?
A: Unemployment levels, housing market conditions, interest rates, and overall economic health significantly impact mortgage charge-off rates.
Q: Can this data predict future economic trends?
A: While not a definitive predictor, charge-off rates can provide early signals of potential economic challenges in the housing and banking sectors.
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Citation
U.S. Federal Reserve, Charge-Off Rate on Single Family Residential Mortgages, Booked in Domestic Offices, All Commercial Banks [CORSFRMACBS], retrieved from FRED.
Last Checked: 8/1/2025