According to the latest ICE Mortgage Monitor, the national delinquency rate fell 8 basis points (bps) in July to 3.27%. Cures rose by 17% in the month, but remained 9% below last year’s levels. In addition, ICE says FHA loans remain the primary driver of stress in the market. In July, FHA delinquencies ticked down by 5 bps, however they are still 15 bps above a year ago and now account for the majority (52%) of serious delinquencies nationwide.
Click here to read the full report at ICE Mortgage Technology (formerly Black Knight).
