![MBA Newslink Logo](https://newslink.mba.org/wp-content/themes/mba-newslinks/assets/img/logos/mba-newslinks-child-page-logo.png)
ICE First Look for November: Delinquencies Up, but Still Historically Low
![](https://newslink.mba.org/wp-content/uploads/2023/12/ICE-November-First-Look.jpg?w=700&h=412&crop=1)
(Image courtesy of ICE)
Intercontinental Exchange Inc., Atlanta, released its “first look” at November mortgage performance, finding the national delinquency rate crept up to 3.39%.
However, despite a slight month-to-month rise, that’s still down 10 basis points year-over-year and 64 basis points below same-time pre-pandemic levels.
Serious delinquencies, which ICE defined as 90+ days past due, rose to 459,000, but remain 21% below this time last year.
Foreclosure starts were down 12.2% in November, and active foreclosure activity fell to 216,000. Those numbers are also well below pre-pandemic numbers.
Prepayment activity fell again, by 14.13% to 0.37%.
The top five states by non-current percentage were Mississippi (8.11%), Louisiana (7.75%), Alabama (5.78%), Indiana (5.24%) and Arkansas (5.18%).
The top 5 states by percentage of 90+ days delinquent were Mississippi (2.12%), Louisiana (1.87%), Alabama (1.46%), Arkansas (1.3%) and Georgia (1.21%).
The bottom five states by non-current percentage were Colorado (1.99%), Montana (2.06%), Washington (2.07%), Idaho (2.16%) and California (2.24%).