Share of U.S. mortgages entering foreclosure processes 2018-2023, per quarter
In the first quarter of 2023, the share one-to-four family residential mortgage loans entering the foreclosure process in the U.S. was 0.14 percent. Following the coronavirus pandemic outbreak in 2020, mortgage delinquency rates surged, but foreclosures remained at record low levels due to The Coronavirus Aid, Relief, and Economic Security Act (CARES Act).