ICE First Look at Mortgage Performance
Serious Delinquencies at Lowest Since Mid-2006 as Foreclosures Drop, Prepayments Rise
Intercontinental Exchange, Inc. (NYSE:ICE), a leading global provider of technology and data, reports the following “first look” at March 2024 month-end mortgage performance statistics derived from its loan-level database representing the majority of the national mortgage market.
Data as of Mar. 31, 2024 |
Total U.S. loan delinquency rate (loans 30 or more days past due, but not in foreclosure): 3.20%
Month-over-month change: -4.15%
Year-over-year change: 9.40%
Total U.S. foreclosure pre-sale inventory rate: 0.38%
Month-over-month change: -3.18%
Year-over-year change: -15.80%
Total U.S. foreclosure starts: 26,000
Month-over-month change 5.28%
Year-over-year change: -19.03%
Monthly prepayment rate (SMM): 0.48%
Month-over-month change: 15.32%
Year-over-year change: -4.14%
Foreclosure sales: 5,800
Month-over-month change: -3.05%
Year-over-year change: - 21.97%
Number of properties that are 30 or more days past due, but not in foreclosure: 1,711,000
Month-over-month change: -71,000
Year-over-year change: 172,000
Number of properties that are 90 or more days past due, but not in foreclosure: 435,000
Month-over-month change: -24,000
Year-over-year change: -77,000
Number of properties in foreclosure pre-sale inventory: 205,000
Month-over-month change: -6,000
Year-over-year change: -35,000