Delinquencies Development Barely Increased in June

by Calculated Threat on 7/24/2025 02:12:00 PM

From Intercontinental Trade: ICE First Have a look at Mortgage Efficiency: Delinquencies Development Barely Increased in June as Foreclosures Exercise Continues to Rise off Pandemic-Period Lows

Intercontinental Trade, Inc. (NYSE:ICE) … right now launched its June 2025 ICE First Look, which exhibits that whereas total mortgage cost efficiency stays sturdy, delinquencies rose on a month-to-month foundation whereas foreclosures trended notably greater yr over yr (YoY).

Key takeaways from the ICE First Look, which experiences on month-end delinquency, foreclosures and prepayment statistics sourced from ICE’s loan-level database, embrace:

• The nationwide delinquency charge rose by 15 foundation factors (bps) from Might to three.35% pushed by early-stage delinquencies.
FHA delinquencies, which are likely to expertise extra seasonality, rose by 41 bps within the month, hitting their highest June degree since 2013, excluding the 2020-2021 pandemic-era influence.

• Severe delinquencies (SDQs) – loans 90+ days late however not in foreclosures – held regular however are up +8% (35K) YoY, with FHA loans now accounting for +51% of all SDQs nationwide.

• Foreclosures exercise continues to rise off pandemic-era lows with the share of loans in lively foreclosures up +10% from the identical time final yr. Foreclosures begins and gross sales each rose YoY in every of the previous 4 months.

• Prepayment exercise, measured in single month mortality, slipped by 6 bps to 0.65% on greater charges, though it stays up +22% from the identical time final yr.
emphasis added

Click on on graph for bigger picture.

Here’s a desk from ICE.