According to the latest ICE Mortgage Monitor, the national delinquency rate rose 15 basis points (bps) to 3.35% in June. FHA delinquencies, which ICE says tend to experience more seasonality, rose by 41 bps in June, the highest level since 2013 (excluding the 2020-2021 pandemic-era impact). In addition they say FHA loans now represent more than half of all seriously past due (90+ days) mortgages nationwide despite accounting for around 15% of active mortgages.
Click here to read the full report at ICE Mortgage Technology (formerly Black Knight).
