{"id":796768,"date":"2024-12-23T09:03:03","date_gmt":"2024-12-23T14:03:03","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/ice-first-look-at-mortgage-performance-delinquencies-hit-highest-level-in-nearly-three-years-prepayments-drop-on-higher-rates\/"},"modified":"2024-12-23T09:03:03","modified_gmt":"2024-12-23T14:03:03","slug":"ice-first-look-at-mortgage-performance-delinquencies-hit-highest-level-in-nearly-three-years-prepayments-drop-on-higher-rates","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/ice-first-look-at-mortgage-performance-delinquencies-hit-highest-level-in-nearly-three-years-prepayments-drop-on-higher-rates\/","title":{"rendered":"ICE First Look at Mortgage Performance: Delinquencies Hit Highest Level in Nearly Three Years; Prepayments Drop on Higher Rates"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }\n.bwalignl { text-align: left }\n.bwalignr { text-align: right; list-style-position: inside }\n.bwblockalignl { margin-left: 0px; margin-right: auto }\n.bwcellpmargin { margin-bottom: 0px; margin-top: 0px }\n.bwlistdisc { list-style-type: disc }\n.bwpadb3 { padding-bottom: 4px }\n.bwpadl0 { padding-left: 0px }\n.bwpadr0 { padding-right: 0px }\n.bwtablemarginb { margin-bottom: 10px }\n.bwvertalignb { vertical-align: bottom }\n.bwvertalignt { vertical-align: top }\n.bwwidth1 { width: 1% }\n.bwwidth100 { width: 100% }\n.bwwidth15 { width: 15% }\n.bwwidth2 { width: 2% }\n.bwwidth40 { width: 40% }\n.bwwidth44 { width: 44% }\n.bwwidth96 { width: 96% }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>ICE First Look at Mortgage Performance: Delinquencies Hit Highest Level in Nearly Three Years; Prepayments Drop on Higher Rates<\/b><\/p>\n<ul class=\"bwlistdisc\">\n<li>\nThe national delinquency rate jumped 29 basis points (bps) in November to 3.74%, its highest level in almost three years, marking six consecutive months of year-over-year increases<\/p>\n<\/li>\n<li>\nWhile much of November\u2019s spike was driven by seasonality, post-hurricane distress, and a late-in-the-month Thanksgiving, delinquencies more broadly continue to rise from recent year lows<\/p>\n<\/li>\n<li>\nEarly-, mid- and late-stage defaults all rose in November, with seriously delinquent loans \u2013 90 or more days past due but not in active foreclosure \u2013 now at the highest level since February 2023<\/p>\n<\/li>\n<li>\nBoth foreclosure starts and completions dropped in November and remain well below pre-pandemic levels, leaving 31K fewer loans in active foreclosure than at the same time last year<\/p>\n<\/li>\n<li>\nPrepayment activity fell -25.0% month over month on October\u2019s higher interest rates, and remains nearly 30% off last year\u2019s levels<\/p>\n<\/li>\n<\/ul>\n<p>ATLANTA &amp; NEW YORK&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nIntercontinental Exchange, Inc. (NYSE:ICE), a leading global provider of technology and data, reports the following \u201cfirst look\u201d at November 2024 month-end mortgage performance statistics derived from its loan-level database representing the majority of the national mortgage market.<\/p>\n<p><b>Data as of Nov. 30, 2024<br \/>\n<br \/><\/b>Total U.S. loan delinquency rate (loans 30 or more days past due, but not in foreclosure): 3.74%<br \/>\n<br \/>Month-over-month change: 8.38%<br \/>\n<br \/>Year-over-year change: 10.46%<\/p>\n<p>\nTotal U.S. foreclosure pre-sale inventory rate: 0.34%<br \/>\n<br \/>Month-over-month change: -2.09%<br \/>\n<br \/>Year-over-year change: -15.96%<\/p>\n<p>\nTotal U.S. foreclosure starts: 21,000<br \/>\n<br \/>Month-over-month change -29.15%<br \/>\n<br \/>Year-over-year change: -29.22%<\/p>\n<p>\nMonthly prepayment rate (SMM): 0.63%<br \/>\n<br \/>Month-over-month change: -25.02%<br \/>\n<br \/>Year-over-year change: 71.20%<\/p>\n<p>\nForeclosure sales: 5,300<br \/>\n<br \/>Month-over-month change: -8.43%<br \/>\n<br \/>Year-over-year change: -17.65%<\/p>\n<p>\nNumber of properties that are 30 or more days past due, but not in foreclosure: \u200b 2,027,000<br \/>\n<br \/>Month-over-month change: 159,000<br \/>\n<br \/>Year-over-year change: 224,000<\/p>\n<p>\nNumber of properties that are 90 or more days past due, but not in foreclosure: 512,000<br \/>\n<br \/>Month-over-month change: 32,000<br \/>\n<br \/>Year-over-year change: 53,000<\/p>\n<p>\nNumber of properties in foreclosure pre-sale inventory: 185,000<br \/>\n<br \/>Month-over-month change: -4,000<br \/>\n<br \/>Year-over-year change: -31,000<\/p>\n<p>\nNumber of properties that are 30 or more days past due or in foreclosure: 2,213,000<br \/>\n<br \/>Month-over-month change: 155,000<br \/>\n<br \/>Year-over-year change: 192,000<\/p>\n<table cellspacing=\"0\" class=\"bwtablemarginb bwblockalignl bwwidth40\">\n<tr>\n<td class=\"bwvertalignt bwpadl0\" colspan=\"4\" rowspan=\"1\">\n<p class=\"bwcellpmargin\"><b>Top 5 States by Non-Current* Percentage<\/b><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignt bwpadl0 bwwidth40\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nLouisiana:<\/p>\n<\/td>\n<td class=\"bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignl bwwidth15\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignr\">\n8.60<\/p>\n<\/td>\n<td class=\"bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignl bwwidth1\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignl\">\n%<\/p>\n<\/td>\n<td class=\"bwwidth44\" rowspan=\"1\" colspan=\"1\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignt bwpadl0 bwwidth40\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nMississippi:<\/p>\n<\/td>\n<td class=\"bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignl bwwidth15\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignr\">\n8.48<\/p>\n<\/td>\n<td class=\"bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignl bwwidth1\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignl\">\n%<\/p>\n<\/td>\n<td class=\"bwwidth44\" rowspan=\"1\" colspan=\"1\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignt bwpadl0 bwwidth40\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nAlabama:<\/p>\n<\/td>\n<td class=\"bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignl bwwidth15\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignr\">\n6.23<\/p>\n<\/td>\n<td class=\"bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignl bwwidth1\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignl\">\n%<\/p>\n<\/td>\n<td class=\"bwwidth44\" rowspan=\"1\" colspan=\"1\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignt bwpadl0 bwwidth40\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nIndiana:<\/p>\n<\/td>\n<td class=\"bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignl bwwidth15\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignr\">\n5.68<\/p>\n<\/td>\n<td class=\"bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignl bwwidth1\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignl\">\n%<\/p>\n<\/td>\n<td class=\"bwwidth44\" rowspan=\"1\" colspan=\"1\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignt bwpadl0 bwwidth40\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nArkansas:<\/p>\n<\/td>\n<td class=\"bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignl bwwidth15\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignr\">\n5.55<\/p>\n<\/td>\n<td class=\"bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignl bwwidth1\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignl\">\n%<\/p>\n<\/td>\n<td class=\"bwwidth44\" rowspan=\"1\" colspan=\"1\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignt bwpadl0 bwwidth40\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\n\u00a0<\/p>\n<\/td>\n<td colspan=\"2\" class=\"bwvertalignt bwpadl0 bwalignl\" rowspan=\"1\">\n<p class=\"bwcellpmargin bwalignl\">\n\u00a0<\/p>\n<\/td>\n<td class=\"bwwidth44\" rowspan=\"1\" colspan=\"1\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignt bwpadl0\" colspan=\"4\" rowspan=\"1\">\n<p class=\"bwcellpmargin\"><b>Bottom 5 States by Non-Current* Percentage<\/b><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignt bwpadl0 bwwidth40\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nWashington:<\/p>\n<\/td>\n<td class=\"bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignl bwwidth15\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignr\">\n2.16<\/p>\n<\/td>\n<td class=\"bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignl bwwidth1\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignl\">\n%<\/p>\n<\/td>\n<td class=\"bwwidth44\" rowspan=\"1\" colspan=\"1\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignt bwpadl0 bwwidth40\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nIdaho:<\/p>\n<\/td>\n<td class=\"bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignl bwwidth15\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignr\">\n2.19<\/p>\n<\/td>\n<td class=\"bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignl bwwidth1\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignl\">\n%<\/p>\n<\/td>\n<td class=\"bwwidth44\" rowspan=\"1\" colspan=\"1\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignt bwpadl0 bwwidth40\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nColorado:<\/p>\n<\/td>\n<td class=\"bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignl bwwidth15\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignr\">\n2.21<\/p>\n<\/td>\n<td class=\"bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignl bwwidth1\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignl\">\n%<\/p>\n<\/td>\n<td class=\"bwwidth44\" rowspan=\"1\" colspan=\"1\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignt bwpadl0 bwwidth40\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nMontana:<\/p>\n<\/td>\n<td class=\"bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignl bwwidth15\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignr\">\n2.25<\/p>\n<\/td>\n<td class=\"bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignl bwwidth1\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignl\">\n%<\/p>\n<\/td>\n<td class=\"bwwidth44\" rowspan=\"1\" colspan=\"1\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignt bwpadl0 bwwidth40\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nCalifornia:<\/p>\n<\/td>\n<td class=\"bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignl bwwidth15\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignr\">\n2.30<\/p>\n<\/td>\n<td class=\"bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignl bwwidth1\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignl\">\n%<\/p>\n<\/td>\n<td class=\"bwwidth44\" rowspan=\"1\" colspan=\"1\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td class=\"bwpadl0 bwwidth40\" rowspan=\"1\" colspan=\"1\" \/>\n<td colspan=\"2\" class=\"bwpadl0 bwalignl\" rowspan=\"1\">\n<p class=\"bwalignl bwcellpmargin\">\n\u00a0<\/p>\n<\/td>\n<td class=\"bwwidth44\" rowspan=\"1\" colspan=\"1\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignt bwpadl0\" colspan=\"4\" rowspan=\"1\">\n<p class=\"bwcellpmargin\"><b>Top 5 States by 90+ Days Delinquent Percentage<\/b><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignt bwpadl0 bwwidth40\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nMississippi:<\/p>\n<\/td>\n<td class=\"bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignl bwwidth15\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignr\">\n2.30<\/p>\n<\/td>\n<td class=\"bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignl bwwidth1\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignl\">\n%<\/p>\n<\/td>\n<td class=\"bwwidth44\" rowspan=\"1\" colspan=\"1\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignt bwpadl0 bwwidth40\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nLouisiana:<\/p>\n<\/td>\n<td class=\"bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignl bwwidth15\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignr\">\n2.26<\/p>\n<\/td>\n<td class=\"bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignl bwwidth1\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignl\">\n%<\/p>\n<\/td>\n<td class=\"bwwidth44\" rowspan=\"1\" colspan=\"1\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignt bwpadl0 bwwidth40\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nAlabama:<\/p>\n<\/td>\n<td class=\"bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignl bwwidth15\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignr\">\n1.63<\/p>\n<\/td>\n<td class=\"bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignl bwwidth1\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignl\">\n%<\/p>\n<\/td>\n<td class=\"bwwidth44\" rowspan=\"1\" colspan=\"1\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignt bwpadl0 bwwidth40\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nArkansas:<\/p>\n<\/td>\n<td class=\"bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignl bwwidth15\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignr\">\n1.42<\/p>\n<\/td>\n<td class=\"bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignl bwwidth1\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignl\">\n%<\/p>\n<\/td>\n<td class=\"bwwidth44\" rowspan=\"1\" colspan=\"1\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignt bwpadl0 bwwidth40\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nGeorgia:<\/p>\n<\/td>\n<td class=\"bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignl bwwidth15\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignr\">\n1.35<\/p>\n<\/td>\n<td class=\"bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignl bwwidth1\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignl\">\n%<\/p>\n<\/td>\n<td class=\"bwwidth44\" rowspan=\"1\" colspan=\"1\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td class=\"bwpadl0\" colspan=\"3\" rowspan=\"1\" \/>\n<td class=\"bwwidth44\" rowspan=\"1\" colspan=\"1\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignt bwpadl0\" colspan=\"4\" rowspan=\"1\">\n<p class=\"bwcellpmargin\"><b>Top 5 States by 12-Month Change in Non-Current* Percentage<\/b><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignt bwpadl0 bwwidth40\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nHawaii:<\/p>\n<\/td>\n<td class=\"bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignl bwwidth15\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignr\">\n-9.59<\/p>\n<\/td>\n<td class=\"bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignl bwwidth1\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignl\">\n%<\/p>\n<\/td>\n<td class=\"bwwidth44\" rowspan=\"1\" colspan=\"1\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignt bwpadl0 bwwidth40\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nNew York:<\/p>\n<\/td>\n<td class=\"bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignl bwwidth15\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignr\">\n-5.86<\/p>\n<\/td>\n<td class=\"bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignl bwwidth1\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignl\">\n%<\/p>\n<\/td>\n<td class=\"bwwidth44\" rowspan=\"1\" colspan=\"1\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignt bwpadl0 bwwidth40\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nMassachusetts:<\/p>\n<\/td>\n<td class=\"bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignl bwwidth15\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignr\">\n-2.24<\/p>\n<\/td>\n<td class=\"bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignl bwwidth1\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignl\">\n%<\/p>\n<\/td>\n<td class=\"bwwidth44\" rowspan=\"1\" colspan=\"1\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignt bwpadl0 bwwidth40\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nRhode Island:<\/p>\n<\/td>\n<td class=\"bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignl bwwidth15\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignr\">\n-0.80<\/p>\n<\/td>\n<td class=\"bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignl bwwidth1\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignl\">\n%<\/p>\n<\/td>\n<td class=\"bwwidth44\" rowspan=\"1\" colspan=\"1\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignt bwpadl0 bwwidth40\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nPennsylvania:<\/p>\n<\/td>\n<td class=\"bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignl bwwidth15\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignr\">\n0.05<\/p>\n<\/td>\n<td class=\"bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignl bwwidth1\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignl\">\n%<\/p>\n<\/td>\n<td class=\"bwwidth44\" rowspan=\"1\" colspan=\"1\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td class=\"bwpadl0 bwwidth40\" rowspan=\"1\" colspan=\"1\" \/>\n<td colspan=\"2\" class=\"bwpadl0 bwalignl\" rowspan=\"1\">\n<p class=\"bwalignl bwcellpmargin\">\n\u00a0<\/p>\n<\/td>\n<td class=\"bwwidth44\" rowspan=\"1\" colspan=\"1\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td class=\"bwpadl0\" colspan=\"4\" rowspan=\"1\"><b>Bottom 5 States by 12-Month Change in Non-Current* Percentage<\/b><\/td>\n<\/tr>\n<tr>\n<td class=\"bwpadl0 bwwidth40\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nFlorida<\/p>\n<\/td>\n<td class=\"bwpadl0 bwpadr0 bwalignl bwvertalignb bwwidth15\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignr\">\n28.13<\/p>\n<\/td>\n<td class=\"bwpadl0 bwpadr0 bwalignl bwvertalignb bwwidth1\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignl\">\n%<\/p>\n<\/td>\n<td class=\"bwwidth44\" rowspan=\"1\" colspan=\"1\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td class=\"bwpadl0 bwwidth40\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nNorth Carolina:<\/p>\n<\/td>\n<td class=\"bwpadl0 bwpadr0 bwalignl bwvertalignb bwwidth15\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignr\">\n20.39<\/p>\n<\/td>\n<td class=\"bwpadl0 bwpadr0 bwalignl bwvertalignb bwwidth1\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignl\">\n%<\/p>\n<\/td>\n<td class=\"bwwidth44\" rowspan=\"1\" colspan=\"1\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td class=\"bwpadl0 bwwidth40\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nSouth Carolina:<\/p>\n<\/td>\n<td class=\"bwpadl0 bwpadr0 bwalignl bwvertalignb bwwidth15\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignr\">\n17.59<\/p>\n<\/td>\n<td class=\"bwpadl0 bwpadr0 bwalignl bwvertalignb bwwidth1\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignl\">\n%<\/p>\n<\/td>\n<td class=\"bwwidth44\" rowspan=\"1\" colspan=\"1\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td class=\"bwpadl0 bwwidth40\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nArizona:<\/p>\n<\/td>\n<td class=\"bwpadl0 bwpadr0 bwalignl bwvertalignb bwwidth15\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignr\">\n15.65<\/p>\n<\/td>\n<td class=\"bwpadl0 bwpadr0 bwalignl bwvertalignb bwwidth1\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignl\">\n%<\/p>\n<\/td>\n<td class=\"bwwidth44\" rowspan=\"1\" colspan=\"1\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td class=\"bwpadl0 bwwidth40\" rowspan=\"1\" colspan=\"1\">Georgia:<\/td>\n<td class=\"bwpadl0 bwpadr0 bwvertalignb bwwidth15\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n12.76<\/p>\n<\/td>\n<td class=\"bwpadl0 bwwidth1\" rowspan=\"1\" colspan=\"1\">%<\/td>\n<td class=\"bwpadl0 bwwidth44\" rowspan=\"1\" colspan=\"1\">\u00a0<\/td>\n<\/tr>\n<\/table>\n<table cellspacing=\"0\" class=\"bwtablemarginb bwblockalignl bwwidth100\">\n<tr>\n<td class=\"bwpadl0\" colspan=\"3\" rowspan=\"1\">\n<p class=\"bwcellpmargin\">\n*Non-current totals combine foreclosures and delinquencies as a percent of active loans in that state.<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwpadl0\" colspan=\"3\" rowspan=\"1\">\n<p class=\"bwcellpmargin\">\nNotes:<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwwidth2\" rowspan=\"1\" colspan=\"1\" \/>\n<td class=\"bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignl bwwidth2\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignl\">\n1)<\/p>\n<\/td>\n<td class=\"bwvertalignt bwpadl0 bwwidth96\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nTotals are extrapolated based on ICE\u2019s loan-level mortgage and property records databases.<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwwidth2\" rowspan=\"1\" colspan=\"1\" \/>\n<td class=\"bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignl bwwidth2\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignl\">\n2)<\/p>\n<\/td>\n<td class=\"bwvertalignt bwpadl0 bwwidth96\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nAll whole numbers are rounded to the nearest thousand, except foreclosure starts and sales, which are rounded to the nearest hundred.<\/p>\n<\/td>\n<\/tr>\n<\/table>\n<p>\nNOTE: Due to the holidays ICE Mortgage Monitor will not publish a report in January. Reports for previous months are available online at <a rel=\"nofollow\" href=\"https:\/\/mortgagetech.ice.com\/resources\/data-reports\">mortgagetech.ice.com\/resources\/data-reports<\/a>. The next ICE Mortgage Monitor will publish February 3, 2025.<\/p>\n<p>\nFor more information about gaining access to ICE\u2019s loan-level database, please send an email to <a rel=\"nofollow\" href=\"mailto:mortgage.monitor@bkfs.com\">Mortgage.Monitor@bkfs.com.<\/a><\/p>\n<p><b>About Intercontinental Exchange<\/b><\/p>\n<p><a rel=\"nofollow\" href=\"https:\/\/www.ice.com\/\">Intercontinental Exchange, Inc.<\/a> (NYSE: ICE) is a Fortune 500 company that designs, builds and operates digital networks that connect people to opportunity. We provide financial technology and data services across major asset classes helping our customers access mission-critical workflow tools that increase transparency and efficiency. ICE\u2019s futures, equity, and options <a rel=\"nofollow\" href=\"https:\/\/www.theice.com\/about\/exchanges-clearing\">exchanges<\/a> \u2013 including the <a rel=\"nofollow\" href=\"https:\/\/www.nyse.com\/\">New York Stock Exchange<\/a> \u2013 and <a rel=\"nofollow\" href=\"https:\/\/www.theice.com\/solutions\/clearing\">clearing houses<\/a> help people invest, raise capital and manage risk. We offer some of the world\u2019s largest markets to trade and clear energy and environmental products. Our fixed income, <a rel=\"nofollow\" href=\"https:\/\/www.theice.com\/about\/fixed-income-data\">data services<\/a> and execution capabilities provide information, analytics and platforms that help our customers streamline processes and capitalize on opportunities. At <a rel=\"nofollow\" href=\"https:\/\/www.theice.com\/about\/mortgage-technology\">ICE Mortgage Technology<\/a>, we are transforming U.S. housing finance, from initial consumer engagement through loan production, closing, registration and the long-term servicing relationship. Together, ICE transforms, streamlines and automates industries to connect our customers to opportunity.<\/p>\n<p>\nTrademarks of ICE and\/or its affiliates include Intercontinental Exchange, ICE, ICE block design, NYSE and New York Stock Exchange. Information regarding additional trademarks and intellectual property rights of Intercontinental Exchange, Inc. and\/or its affiliates is located <a rel=\"nofollow\" href=\"http:\/\/www.intercontinentalexchange.com\/terms-of-use\">here<\/a>. Key Information Documents for certain products covered by the EU Packaged Retail and Insurance-based Investment Products Regulation can be accessed on the relevant exchange website under the heading \u201cKey Information Documents (KIDS).\u201d<\/p>\n<p>\nSafe Harbor Statement under the Private Securities Litigation Reform Act of 1995 \u2013 Statements in this press release regarding ICE&#8217;s business that are not historical facts are &#8220;forward-looking statements&#8221; that involve risks and uncertainties. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see ICE&#8217;s Securities and Exchange Commission (SEC) filings, including, but not limited to, the risk factors in ICE&#8217;s Annual Report on Form 10-K for the year ended December 31, 2023, as filed with the SEC on February 8, 2024.<\/p>\n<p>\nCategory: Mortgage Technology<\/p>\n<p>\nICE-CORP<\/p>\n<p>\nSource: Intercontinental Exchange<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20241223460117r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20241223460117\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20241223460117\/en\/<\/a><\/span><\/p>\n<p><b>ICE Media Contact<br \/>\n<\/b><br \/>Mitch Cohen<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:mitch.cohen@ice.com\"><b>mitch.cohen@ice.com<br \/>\n<\/b><\/a><br \/>+1 704-890-8158<\/p>\n<p><b>ICE Investor Contact:<br \/>\n<\/b><br \/>Katia Gonzalez<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:katia.gonzalez@ice.com\"><b>katia.gonzalez@ice.com<br \/>\n<\/b><\/a><br \/>+1 (678) 981-3882<\/p>\n<p><b>KEYWORDS:<\/b> New York Georgia United States North America<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Commercial Building &amp; Real Estate Construction &amp; Property Finance Asset Management Banking Professional Services REIT Residential Building &amp; Real Estate<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20241223460117\/en\/2337957\/3\/ICE_logo_large_447x439_hi_res.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>ICE First Look at Mortgage Performance: Delinquencies Hit Highest Level in Nearly Three Years; Prepayments Drop on Higher Rates The national delinquency rate jumped 29 basis points (bps) in November to 3.74%, its highest level in almost three years, marking six consecutive months of year-over-year increases While much of November\u2019s spike was driven by seasonality, post-hurricane distress, and a late-in-the-month Thanksgiving, delinquencies more broadly continue to rise from recent year lows Early-, mid- and late-stage defaults all rose in November, with seriously delinquent loans \u2013 90 or more days past due but not in active foreclosure \u2013 now at the highest level since February 2023 Both foreclosure starts and completions dropped in November and remain well below pre-pandemic levels, leaving &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/ice-first-look-at-mortgage-performance-delinquencies-hit-highest-level-in-nearly-three-years-prepayments-drop-on-higher-rates\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;ICE First Look at Mortgage Performance: Delinquencies Hit Highest Level in Nearly Three Years; Prepayments Drop on Higher Rates&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-796768","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>ICE First Look at Mortgage Performance: Delinquencies Hit Highest Level in Nearly Three Years; Prepayments Drop on Higher Rates - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/ice-first-look-at-mortgage-performance-delinquencies-hit-highest-level-in-nearly-three-years-prepayments-drop-on-higher-rates\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ICE First Look at Mortgage Performance: Delinquencies Hit Highest Level in Nearly Three Years; Prepayments Drop on Higher Rates - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"ICE First Look at Mortgage Performance: Delinquencies Hit Highest Level in Nearly Three Years; Prepayments Drop on Higher Rates The national delinquency rate jumped 29 basis points (bps) in November to 3.74%, its highest level in almost three years, marking six consecutive months of year-over-year increases While much of November\u2019s spike was driven by seasonality, post-hurricane distress, and a late-in-the-month Thanksgiving, delinquencies more broadly continue to rise from recent year lows Early-, mid- and late-stage defaults all rose in November, with seriously delinquent loans \u2013 90 or more days past due but not in active foreclosure \u2013 now at the highest level since February 2023 Both foreclosure starts and completions dropped in November and remain well below pre-pandemic levels, leaving &hellip; Continue reading &quot;ICE First Look at Mortgage Performance: Delinquencies Hit Highest Level in Nearly Three Years; 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