ICE: Delinquencies Trend Slightly Higher in June

(Image courtesy of Belle Co/pexels.com)

ICE Mortgage Technology, Atlanta, released its June 2025 ICE First Look, finding that delinquencies rose on a monthly basis and foreclosures were up year-over-year, despite overall mortgage payment performance remaining strong.

The national delinquency rate rose by 15 basis points from May, to 3.35%. The rise was driven by early-stage delinquencies. However, it was down by 3.8% year-over-year.

FHA delinquencies rose by 41 basis points to their highest June level since 2013 (excluding the pandemic era).

Serious delinquencies–defined as loans 90-plus days past due but not yet in foreclosure–were steady from May, but are up 8% year-over-year. FHA loans accounted for 51% of all serious delinquencies nationwide.

Foreclosure starts numbered 31,000, up 9.68% month-over-month and 36.5% year-over-year.

The foreclosure pre-sale inventory rate was 0.38%, up narrowly month-over-month but up 9.9% year-over-year.

Foreclosure sales were at 6,300, down 9.7% from May but up 18.17% year-over-year.

Prepayment activity fell 6 basis points to 0.65%, but it’s still sitting 21.91% above June 2024.

The top five states by noncurrent percentage are Louisiana (7.78%), Mississippi (7.63%), Alabama (5.73%), Indiana (5.25%) and Arkansas (5.23%).

The bottom five states by noncurrent percentage are Washington (2%), Idaho (2.01%), Colorado (2.14%), Montana (2.2%) and California (2.23%).