According to the latest ICE Mortgage Monitor, the national delinquency rate rose by 16 basis points (bps) in August to 3.43% and is up 10 bps from the same time last year, marking a return to annual increases after falling in June and July. In addition, serious delinquencies (loans 90+ days past due but not in foreclosure) rose by 16k in August and are up 32k from the same time last year, while loans in active foreclosure rose by a modest 3k in the month and 23k from the same time last year.
Click here to read the full report at ICE Mortgage Technology (formerly Black Knight).
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