Executive Summary

The Mortgage Market's Data Challenge stat bar

Mortgages are a very familiar type of loan, simply because so many people have them. The latest census data shows that nearly 64% of families in the U.S. own their own home, with 65% of those owing at least some money on that mortgage¹. That equates to roughly 53 million households that are in the process of paying off a combined total of roughly $12.3 trillion in mortgage debt².

U.S. Households with Mortgage Debt