Statistics · 2026 · Real Estate
Foreclosure Statistics (2026)
About 55,200 Americans had a new foreclosure on their credit reports in Q2 2026, according to the New York Fed, 4.5% more than a year earlier but 90% below the Q2 2009 peak. In 2025, 227,400 people received one, the most since 2019. Just 0.99% of mortgage balances were 90 or more days late.
Key takeaways
- About 55,200 consumers had a new foreclosure notation in Q2 2026, down from 59,200 in Q1 2026.
- 2025 brought 227,400 new foreclosures, the most since 2019 but 89% fewer than in 2009.
- 0.99% of mortgage balances were 90+ days delinquent, versus 8.89% at the Q1 2010 peak.
- The flow of mortgage balances into serious delinquency rose to 1.52%, the highest since Q4 2015.
- Borrowers aged 40-49 accounted for the most new foreclosures, 27% of the total.
- Among the 11 states the NY Fed breaks out, Nevada had the highest share of mortgage debt 90+ days late.
How many foreclosures are there right now?
About 55,200 people had a foreclosure notation added to their credit reports in Q2 2026, the New York Fed reports. That was down from 59,200 in Q1 2026 but up 4.5% from 52,800 a year earlier. Over the past four quarters the total was 227,200.
1. New foreclosures: 55,200 consumers in Q2 2026
The New York Fed Household Debt and Credit Report counts individuals whose credit report first shows a foreclosure in the quarter, using the New York Fed Consumer Credit Panel/Equifax data. Its 2026 Q2 data workbook reads 55.16 thousand for Q2 2026.
2. Up 4.5% year over year; first half of 2026: 114,300
Q2 2025 had 52,800 new foreclosures. The first half of 2026 totaled 114,300, against 114,500 in the first half of 2025, so the pace is close to flat.
3. 2025: 227,400 new foreclosures, the most since 2019
WealthyBud sums the four quarters of each calendar year. 2025’s total compares with 277,600 in 2019, the last pre-pandemic year (WealthyBud data · 94 quarters · Q1 2003–Q2 2026).
This is a count of people, not properties. The New York Fed notes that a borrower already in foreclosure is not counted again for a second mortgage, and both borrowers on a joint mortgage are counted, so the figure differs from the property-level foreclosure filings that private data firms publish.
How do foreclosures today compare with 2009?
Foreclosures are a fraction of crisis levels. New foreclosures peaked at 566,200 in Q2 2009, and 2009 brought 2,037,900 for the year. Today’s quarterly count is 90% lower. Foreclosures hit a low of 8,100 in Q2 2021 during pandemic relief and have risen since.
4. Peak: 566,200 new foreclosures in Q2 2009
The series starts in Q1 2003. The 2009 calendar-year total of 2,037,900 is the highest of any full year; 2025 was 89% below it.
5. Low: 8,100 in Q2 2021; today is 6.8 times that
Federal foreclosure moratoriums and forbearance in 2020–2021 pushed new foreclosures to the series low. The rebound since then has brought counts back near the pre-pandemic range.
6. 21% below the 2019 quarterly average
New foreclosures averaged 69,400 a quarter in 2019. Q2 2026’s 55,200 is 21% lower (WealthyBud arithmetic).
| Year | Consumers with new foreclosures | Mortgage balance 90+ days late (Q4) | Bank single-family delinquency rate (Q4) |
|---|---|---|---|
| 2003 | 744,600 | 1.06% | 1.77% |
| 2005 | 644,900 | 0.93% | 1.64% |
| 2007 | 1,185,500 | 2.93% | 3.10% |
| 2009 | 2,037,900 | 8.75% | 10.41% |
| 2011 | 1,206,000 | 6.89% | 10.25% |
| 2013 | 708,100 | 3.93% | 8.29% |
| 2015 | 404,200 | 2.18% | 5.12% |
| 2017 | 314,200 | 1.27% | 3.57% |
| 2019 | 277,600 | 1.07% | 2.34% |
| 2020 | 129,000 | 0.62% | 2.75% |
| 2021 | 38,000 | 0.46% | 2.29% |
| 2022 | 122,100 | 0.43% | 1.79% |
| 2023 | 150,800 | 0.57% | 1.70% |
| 2024 | 174,100 | 0.70% | 1.77% |
| 2025 | 227,400 | 0.92% | 1.79% |
Year-end columns use the fourth quarter of each year. For the equity cushion that keeps many owners out of foreclosure, see home equity statistics.
How many homeowners are seriously behind on payments?
Few, by historical standards. 0.99% of outstanding mortgage balances were 90 or more days late in Q2 2026, per the New York Fed, up from 0.82% a year earlier. At the Q1 2010 peak, 8.89% of balances were seriously delinquent. Mortgages and home equity lines remain the best-performing types of household debt.
7. Mortgage balances 90+ days late: 0.99% in Q2 2026
The Q1 2026 reading of 1.09% was the highest since Q2 2018. The series low was 0.37% in Q3 2022.
8. Other debts are far worse: credit cards 12.92%, student loans 10.60%
In Q2 2026 the share of balances 90+ days late was 5.49% for auto loans, 0.99% for home equity lines and 3.31% for all household debt.
9. Bank-held single-family mortgages: 1.86% delinquent
The Federal Reserve’s delinquency rate for single-family mortgages booked at commercial banks (FRED DRSFRMACBS, seasonally adjusted) was 1.86% in Q2 2026, versus 1.78% a year earlier and a 11.48% peak in Q1 2010.
10. Bank delinquency is below its long-run average of 3.72%
The bank series has 142 quarters from Q1 1991. It counts loans 30 or more days past due held by banks only, so it covers a different slice of the market than the credit-report data.
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Are more mortgages heading toward foreclosure?
The pipeline is filling slowly. The share of mortgage balances moving into serious delinquency rose to 1.52% in Q2 2026, from 1.29% a year earlier and the highest since Q4 2015. That is still far below the 8.35% reached in Q3 2009, so a rise in foreclosures would likely be gradual.
11. Flow into 90+ day delinquency: 1.52% of mortgage balances
The New York Fed reports this as a four-quarter moving sum of transition rates from current or 30–60 days late into 90+ days late, as a percent of balances not already seriously delinquent.
12. Highest since Q4 2015; crisis peak 8.35% in Q3 2009
The rate has risen in most quarters since 2024. For home equity lines the same measure was 1.15% in Q2 2026.
13. New bankruptcies: 136,800 consumers in Q2 2026
Bankruptcy notations, a broader marker of household financial distress, were 131,300 a year earlier, per the same New York Fed workbook.
Who is facing foreclosure, by age?
Middle-aged borrowers. People aged 40-49 had about 14,900 new foreclosures in Q2 2026, the most of any age group and 27% of the total. Borrowers 60 and older made up 28%, up from 27% in Q2 2019, which reflects an older population of mortgage holders.
14. Ages 40-49: 14,900 new foreclosures
Ages 30–39 had 10,500, ages 50–59 had 11,500 and borrowers under 30 had 2,900. Age groups sum to 55,000 because a few records lack a birth year.
15. Borrowers 60+: 28% of new foreclosures
Ages 60–69 had 7,600 and ages 70 and up had 7,700 in Q2 2026, by WealthyBud’s arithmetic on the age table.
| Age group | Q2 2026 | Share | Q2 2025 | Q2 2019 |
|---|---|---|---|---|
| 18-29 | 2,900 | 5% | 2,600 | 2,700 |
| 30-39 | 10,500 | 19% | 9,500 | 12,300 |
| 40-49 | 14,900 | 27% | 12,400 | 17,200 |
| 50-59 | 11,500 | 21% | 11,700 | 16,000 |
| 60-69 | 7,600 | 14% | 8,400 | 9,600 |
| 70+ | 7,700 | 14% | 8,100 | 8,100 |
Which states have the most foreclosures?
Among the 11 large states the New York Fed reports, Florida had the highest share of consumers with a new foreclosure in Q2 2026, at 0.026%, followed by Arizona and Illinois. Nevada had the most mortgage debt 90+ days late, 1.94%. California ranked lowest on new foreclosures.
16. Nevada: 1.94% of mortgage debt 90+ days late
Next were Florida at 1.62% and Illinois at 1.58%, against a national 0.99%. California was lowest at 0.56%.
17. Biggest one-year jumps: Nevada, Texas and Arizona
Nevada went from 0.73% to 1.94% and Texas from 0.80% to 1.43%. State figures come from a sample of credit reports, so they can swing from quarter to quarter.
18. National new-foreclosure rate: 0.019% of consumers per quarter
That is roughly 2 in every 10,000 people with a credit report. The rate peaked at 0.24% in Q2 2009.
| State | Mortgage debt 90+ days late, Q2 2026 | Same, Q2 2025 | Consumers with new foreclosures |
|---|---|---|---|
| Nevada | 1.94% | 0.73% | 0.016% |
| Florida | 1.62% | 1.63% | 0.026% |
| Illinois | 1.58% | 1.06% | 0.025% |
| Texas | 1.43% | 0.80% | 0.022% |
| Pennsylvania | 1.19% | 1.12% | 0.023% |
| New York | 1.11% | 1.35% | 0.015% |
| Arizona | 0.96% | 0.36% | 0.025% |
| New Jersey | 0.90% | 1.62% | 0.021% |
| Ohio | 0.90% | 0.72% | 0.021% |
| Michigan | 0.76% | 0.61% | 0.020% |
| California | 0.56% | 0.50% | 0.011% |
| U.S. average | 0.99% | 0.82% | 0.019% |
See how prices are holding up in those states on the Florida, Texas and Nevada housing market hubs.
What this means for owners, buyers and investors
For homeowners, foreclosure risk is low on average but rising at the margin. If you are behind, the government’s CFPB homeowner help page points to HUD-approved housing counseling agencies, and contacting your servicer early widens your options.
For buyers, today’s volume of about 55,200 new foreclosures a quarter will not flood the market with distressed homes the way 2009 did. Check local supply on the inventory above 2019 list and the buyer’s vs seller’s market page.
For investors, foreclosure deals are scarce and competitive. Compare metros on the best places to invest in real estate ranking and run any purchase through the deal analyzer before bidding.
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