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Delinquency Rate

For real estate purposes, the number of mortgages that are in arrears expressed in relation to a total mortgage portfolio. The delinquency rate can be expressed either as the number of delinquent mortgages in relation to the total number, or as the dollar volume of such mortgages in relation to total dollar value of the portfolio.

Example of Delinquency Rate

Lender Inc. has a mortgage portfolio totaling 375 mortgages of which 23 are delinquent. The delinquency rate is:

23 ÷ 375 = .0613 or 6.13%

However, in terms of dollar volume, the mortgages in arrears represent a more significant portion of the total portfolio. The 23 delinquent mortgages amount to $7,398,982 with the current total mortgage portfolio as $50,812,500. The dollar volume delinquency rate is:

$7,398,982 ÷ $50,812,500 = .1456 or 14.56%

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