Charge-Off Rate on Single Family Residential Mortgages, Booked in Domestic Offices, Banks Ranked 1st to 100th Largest in Size by Assets
CORSFRMT100S • 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 serves as a critical metric for understanding credit risk and the overall health of the residential real estate lending market.
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 provides insight into borrower financial stress and bank lending standards. Economists use this metric to assess potential systemic risks in the banking sector and residential real estate market.
Methodology
Data is collected from the 100 largest U.S. banks by total assets, tracking the proportion of mortgage loans deemed unrecoverable relative to total outstanding mortgage balances.
Historical Context
Policymakers and financial regulators use this trend to monitor banking sector stability and potential systemic risks in residential mortgage lending.
Key Facts
- Measures the percentage of mortgage loans written off by top 100 U.S. banks
- Indicates potential financial stress in the residential mortgage market
- Provides insight into bank lending quality and borrower repayment capacity
FAQs
Q: What does a rising charge-off rate indicate?
A: A rising charge-off rate suggests increasing financial stress among borrowers and potentially deteriorating lending standards in the banking sector.
Q: How often is this data updated?
A: The Federal Reserve typically updates this data quarterly, providing a current snapshot of mortgage lending performance.
Q: Why are only the top 100 banks included?
A: These banks represent the majority of mortgage lending in the United States, providing a comprehensive view of the residential mortgage market.
Q: How do policymakers use this data?
A: Regulators and central bankers use this trend to assess banking sector health and potentially adjust monetary or lending policies.
Q: What factors can influence the charge-off rate?
A: Economic conditions, unemployment rates, housing market performance, and individual bank lending practices can all impact the mortgage charge-off rate.
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Citation
U.S. Federal Reserve, Charge-Off Rate on Single Family Residential Mortgages, Booked in Domestic Offices, Banks Ranked 1st to 100th Largest in Size by Assets [CORSFRMT100S], retrieved from FRED.
Last Checked: 8/1/2025