Accounting for Mortgage Charge-offs in the Financial Accounts of the United States, Accessible Data
PrintAccessible version of figures
Figure 1: Changes in Mortgage Debt Outstanding
Source: Financial Accounts of the United States
| Year | Net Originations | Charge-offs | Other Volume changes1 |
|---|---|---|---|
| 2007 | 770552 | -32148 | 1 |
| 2008 | 43371 | -137780 | 8419 |
| 2009 | 23837 | -239024 | -3 |
| 2010 | -160418 | -187583 | -144463 |
| 2011 | -86496 | -155396 | -1 |
| 2012 | -71272 | -143635 | -5004 |
| 2013 | 3943 | -93026 | 62 |
1. Other volume changes in 2010:Q4 due to change in data source for finance companies. Return to table
| Quarter | Net Originations | Charge-offs |
|---|---|---|
| 2013q1 | -23264 | -27901 |
| 2013q2 | 2583 | -26060 |
| 2013q3 | 34800 | -22195 |
| 2013q4 | -10176 | -16870 |
| 2014q1 | -19805 | -14568 |
| 2014q2 | 11211 | -16070 |
Figure 2: Household Home Mortgage Debt Growth
Source: Financial Accounts of the United States
| Quarter | Previous1 | Current |
|---|---|---|
| 2007q1 | 8.4 | 8.5 |
| 2007q2 | 7.8 | 8 |
| 2007q3 | 7 | 7.3 |
| 2007q4 | 4.5 | 5 |
| 2008q1 | 2.8 | 3.5 |
| 2008q2 | -0.1 | 1.1 |
| 2008q3 | -1.7 | -0.1 |
| 2008q4 | -2.6 | -0.9 |
| 2009q1 | -0.4 | 1.3 |
| 2009q2 | -1.5 | 0.7 |
| 2009q3 | -2.4 | 0 |
| 2009q4 | -1.8 | 0.5 |
| 2010q1 | -5.7 | -3.9 |
| 2010q2 | -2.6 | -0.7 |
| 2010q3 | -3.5 | -1.7 |
| 2010q4 | -2.1 | -0.6 |
| 2011q1 | -2.4 | -0.8 |
| 2011q2 | -2.3 | -0.7 |
| 2011q3 | -2.1 | -0.7 |
| 2011q4 | -2 | -0.6 |
| 2012q1 | -2.3 | -0.9 |
| 2012q2 | -2 | -0.5 |
| 2012q3 | -2 | -0.4 |
| 2012q4 | -1.8 | -0.6 |
| 2013q1 | -1.8 | -0.7 |
| 2013q2 | -0.9 | 0.2 |
| 2013q3 | 0.3 | 1.2 |
| 2013q4 | -1 | -0.4 |
| 2014q1 | -1.2 | -0.6 |
| 2014q2 | -0.3 | 0.4 |
1. Calculated using September 2014 (current) data; adjusted to reflect previous treatment of charge-offs. Return to table
Figure 3: Total Household Debt Growth
Source: Financial Accounts of the United States
| Quarter | Previous1 | Current |
|---|---|---|
| 2007q1 | 7.3 | 7.4 |
| 2007q2 | 7.2 | 7.4 |
| 2007q3 | 7.2 | 7.5 |
| 2007q4 | 4.8 | 5.2 |
| 2008q1 | 3.7 | 4.3 |
| 2008q2 | 0 | 0.8 |
| 2008q3 | -0.9 | 0.3 |
| 2008q4 | -2.4 | -1.1 |
| 2009q1 | -1.2 | 0.1 |
| 2009q2 | -1.3 | 0.3 |
| 2009q3 | -2 | -0.2 |
| 2009q4 | -2.1 | -0.2 |
| 2010q1 | -3.8 | -2.4 |
| 2010q2 | -1.8 | -0.4 |
| 2010q3 | -2.6 | -1.2 |
| 2010q4 | -1.7 | -0.6 |
| 2011q1 | -1.3 | -0.1 |
| 2011q2 | -2.5 | -1.4 |
| 2011q3 | -1.3 | -0.2 |
| 2011q4 | -0.1 | 1 |
| 2012q1 | 0.1 | 1.1 |
| 2012q2 | 1.7 | 2.7 |
| 2012q3 | -0.6 | 0.6 |
| 2012q4 | 1 | 1.9 |
| 2013q1 | 0 | 0.8 |
| 2013q2 | 0.9 | 1.6 |
| 2013q3 | 2.5 | 3.1 |
| 2013q4 | 0.2 | 0.7 |
| 2014q1 | 1.8 | 2.2 |
| 2014q2 | 3.1 | 3.6 |
1. Calculated using September 2014 (current) data; adjusted to reflect previous treatment of charge-offs. Return to table
Figure 4: Personal Savings
Source: Financial Accounts of the United States
Note: Series are four-quarter moving averages.
| Quarter | Previous1 | Current | NIPA Savings |
|---|---|---|---|
| 2007q1 | 1 | 0.9 | 3.2 |
| 2007q2 | 0.1 | 0 | 3.1 |
| 2007q3 | 4.2 | 4 | 3 |
| 2007q4 | 5.6 | 5.3 | 3 |
| 2008q1 | 7.2 | 6.8 | 3.1 |
| 2008q2 | 11.1 | 10.4 | 3.7 |
| 2008q3 | 11.5 | 10.5 | 4.1 |
| 2008q4 | 12.5 | 11.3 | 4.9 |
| 2009q1 | 12.9 | 11.4 | 5.5 |
| 2009q2 | 10.9 | 9.2 | 5.9 |
| 2009q3 | 8.6 | 6.6 | 6.3 |
| 2009q4 | 7.9 | 5.7 | 6.1 |
| 2010q1 | 7.8 | 5.6 | 5.9 |
| 2010q2 | 9.2 | 7.1 | 5.6 |
| 2010q3 | 9.9 | 7.9 | 5.6 |
| 2010q4 | 9.9 | 8.2 | 5.6 |
| 2011q1 | 9.6 | 8.1 | 5.8 |
| 2011q2 | 10.8 | 9.3 | 5.9 |
| 2011q3 | 11.3 | 9.9 | 5.9 |
| 2011q4 | 11.2 | 9.9 | 6 |
| 2012q1 | 10 | 8.7 | 6.2 |
| 2012q2 | 10 | 8.8 | 6.4 |
| 2012q3 | 9.5 | 8.3 | 6.5 |
| 2012q4 | 9.2 | 8 | 7.2 |
| 2013q1 | 10.7 | 9.6 | 6.7 |
| 2013q2 | 8.6 | 7.6 | 6.3 |
| 2013q3 | 7.2 | 6.4 | 5.9 |
| 2013q4 | 8 | 7.2 | 4.9 |
| 2014q1 | 7.5 | 6.9 | 4.9 |
| 2014q2 | 8 | 7.4 | 5 |
1. Calculated using September 2014 (current) data; adjusted to reflect previous treatment of charge-offs. Return to table