ICE First Look at Mortgage Performance: Delinquencies Ended 2024 on a Strong Note Despite Remaining Near a Three-Year High
ICE's December 2024 mortgage performance data shows mixed signals in the U.S. housing market. The national delinquency rate slightly decreased to 3.72% month-over-month but recorded a 4.0% year-over-year increase, marking the seventh consecutive annual rise. Early-stage delinquencies decreased by 41,000 (-3.6%), while serious delinquencies (90+ days past due) increased by 29,000 (+5.7%).
Foreclosure activity showed some improvement, with sales declining to their lowest level in nearly two years and starts averaging 26,800 monthly in 2024, down from 28,500 in 2023. The prepayment rate fell to 0.57% due to rising interest rates. Louisiana led states with the highest non-current loan percentage at 8.60%, while Montana had the lowest at 2.13%. Notable regional variations showed Hawaii improving with a -12.70% change in non-current loans, while Florida experienced a 23.10% increase.
I dati sulle performance dei mutui di dicembre 2024 di ICE mostrano segnali contrastanti nel mercato immobiliare statunitense. Il tasso di insolvenza nazionale è leggermente diminuito, attestandosi al 3,72% mese su mese, ma ha registrato un aumento del 4,0% rispetto all’anno precedente, segnando il settimo incremento annuale consecutivo. Le insolvenze in fase iniziale sono diminuite di 41.000 unità (-3,6%), mentre le insolvenze gravi (90 giorni o più in ritardo) sono aumentate di 29.000 unità (+5,7%).
L'attività di pignoramento ha mostrato alcuni miglioramenti, con le vendite che sono scese al loro livello più basso in quasi due anni e le aperture di nuovi pignoramenti che hanno avuto una media di 26.800 al mese nel 2024, in calo rispetto alle 28.500 del 2023. Il tasso di rimborso anticipato è sceso al 0,57% a causa dell'aumento dei tassi d'interesse. La Louisiana ha guidato gli stati con la percentuale più alta di prestiti non in regola, pari all'8,60%, mentre il Montana ha registrato la più bassa, al 2,13%. Notevoli variazioni regionali hanno mostrato un miglioramento nelle Hawaii con una variazione del -12,70% nei prestiti non in regola, mentre la Florida ha subito un aumento del 23,10%.
Los datos de desempeño hipotecario de ICE para diciembre de 2024 muestran señales mixtas en el mercado de vivienda de EE.UU. La tasa de morosidad nacional disminuyó ligeramente al 3,72% mes a mes, pero registró un incremento del 4,0% en comparación con el año anterior, marcando el séptimo aumento anual consecutivo. Las morosidades en fase temprana disminuyeron en 41,000 (-3.6%), mientras que las morosidades serias (90 días o más de retraso) aumentaron en 29,000 (+5.7%).
La actividad de ejecución hipotecaria mostró cierta mejora, con las ventas cayendo a su nivel más bajo en casi dos años y las aperturas promediando 26,800 mensuales en 2024, en comparación con 28,500 en 2023. La tasa de prepago cayó al 0,57% debido al aumento de las tasas de interés. Luisiana lideró los estados con el porcentaje más alto de préstamos no en cumplimiento, con un 8,60%, mientras que Montana tuvo el más bajo con un 2,13%. Variaciones regionales notables mostraron que Hawái mejoró con un cambio del -12,70% en préstamos no en cumplimiento, mientras que Florida experimentó un aumento del 23,10%.
2024년 12월 ICE의 주택 담보 대출 성과 데이터는 미국 주택 시장에서 엇갈린 신호를 보여줍니다. 전국 연체율은 전월 대비 3.72%로 약간 감소했지만, 연간으로는 4.0% 증가하여 7년 연속 상승세를 기록했습니다. 초기 연체는 41,000건(-3.6%) 감소했으나, 심각한 연체(90일 이상 경과)는 29,000건(+5.7%) 증가했습니다.
압류 활동은 다소 개선되어, 판매는 거의 2년 만에 최저치로 감소했으며, 2024년 월 평균 신규 압류는 28,500건에서 26,800건으로 줄어들었습니다. 선지급 비율은 금리 상승으로 0.57%로 감소했습니다. 루이지애나주는 8.60%로 비정상 대출 비율이 가장 높았으며, 몬태나는 2.13%로 가장 낮았습니다. 하와이는 비정상 대출에서 -12.70% 변화를 보여 개선되는 모습을 보였고, 플로리다는 23.10% 증가를 경험했습니다.
Les données de performance hypothécaire d'ICE pour décembre 2024 montrent des signaux mélangés sur le marché immobilier américain. Le taux de défaut national a légèrement diminué à 3,72% d'un mois sur l'autre, mais a enregistré une augmentation de 4,0% par rapport à l'année précédente, marquant la septième hausse annuelle consécutive. Les défauts en phase précoce ont diminué de 41 000 (-3,6%), tandis que les défauts graves (90 jours ou plus de retard) ont augmenté de 29 000 (+5,7%).
L'activité de saisie a montré une certaine amélioration, avec des ventes descendant à leur niveau le plus bas en près de deux ans et des ouvertures moyennes de 26 800 par mois en 2024, contre 28 500 en 2023. Le taux de remboursement anticipé a chuté à 0,57% en raison de l'augmentation des taux d'intérêt. La Louisiane a été l'état avec le pourcentage le plus élevé de prêts non conformes à 8,60%, tandis que le Montana avait le plus bas à 2,13%. Des variations régionales notables ont montré que Hawaï s'est amélioré avec un changement de -12,70% dans les prêts non conformes, tandis que la Floride a connu une augmentation de 23,10%.
Die Hypothekenleistungsdaten von ICE für Dezember 2024 zeigen gemischte Signale auf dem US-Immobilienmarkt. Die nationale säumige Rate sank leicht auf 3,72% im Vormonat, verzeichnete jedoch einen Jahresanstieg von 4,0%, was den siebten aufeinanderfolgenden jährlichen Anstieg markiert. Die frühen Ausfälle gingen um 41.000 (-3,6%) zurück, während schwerwiegende Ausfälle (90 Tage oder mehr überfällig) um 29.000 (+5,7%) anstiegen.
Die Zwangsvollstreckungsaktivitäten zeigten eine gewisse Verbesserung, da die Verkäufe auf den niedrigsten Stand seit fast zwei Jahren fielen und die Eröffnungen im Jahr 2024 monatlich durchschnittlich 26.800 betrugen, nach 28.500 im Jahr 2023. Die Vorlaufquote fiel aufgrund steigender Zinssätze auf 0,57%. Louisiana führte die Bundesstaaten mit dem höchsten Prozentsatz an nicht laufenden Darlehen mit 8,60% an, während Montana mit 2,13% den niedrigsten hatte. Bemerkenswerte regionale Unterschiede zeigten, dass Hawaii mit einer Verbesserung von -12,70% bei nicht laufenden Darlehen vorankam, während Florida einen Anstieg von 23,10% erlebte.
- Foreclosure sales reached lowest level in nearly two years
- Foreclosure starts decreased to 26,800 per month in 2024 from 28,500 in 2023
- Early-stage delinquencies decreased by 41,000 (-3.6%) in December
- Prepayment activity up 47.2% year-over-year
- National delinquency rate up 4.0% year-over-year, seventh consecutive annual increase
- Serious delinquencies increased by 29,000 (+5.7%) in December
- Total properties 30+ days past due or in foreclosure reached 2,208,000
- Prepayment activity declined 9.8% month-over-month due to rising rates
Insights
The December 2024 mortgage performance metrics present a nuanced picture that warrants careful analysis. While the headline delinquency rate of
The divergence between early-stage and serious delinquencies is particularly noteworthy. The 41,000 decrease in early-stage delinquencies contrasts sharply with the 29,000 increase in serious delinquencies (90+ days past due), indicating a concerning migration of troubled loans into deeper distress. This pattern often precedes increased foreclosure activity, though current foreclosure starts remain below historical norms.
Regional disparities are striking, with Louisiana (
The prepayment rate's decline to
The total number of properties either delinquent or in foreclosure stands at 2.208 million, a figure that, while elevated, remains manageable relative to the total mortgage market. The slower pace of foreclosure sales, reaching a two-year low, indicates that servicers are prioritizing loss mitigation strategies over foreclosure proceedings, a positive sign for market stability.
-
The national delinquency rate eased 2 basis points (bps) to
3.72% in December, but rose4.0% year over year – the seventh consecutive annual increase – ending 2024 near a three-year high -
Early-stage delinquencies fell 41K (-
3.6% ) in the month, while serious delinquencies (loans 90+ days past due but not in active foreclosure) continued their slow climb – up 29K (+5.7% ) in the month and a fifth consecutive rise year over year -
Foreclosure sales declined by 5K (-
5.6% ) in December, hitting their lowest level in nearly two years, while foreclosure inventory climbed 7K (+3.8% ), but was down -10.7% year-over-year - Despite rising in December on volatility around the holidays, foreclosure starts averaged 26,800 per month in 2024, down from 28,500 in 2023 and lower than any year outside the pandemic moratoria
-
Prepayment activity (measured by single-month mortality or SMM) fell to
0.57% on rising interest rates, down -9.8% in the month but up47.2% from the same time last year
Data as of Dec. 31, 2024
Total
Month-over-month change: -
Year-over-year change:
Total
Month-over-month change:
Year-over-year change: -
Total
Month-over-month change
Year-over-year change:
Monthly prepayment rate (SMM):
Month-over-month change: -
Year-over-year change:
Foreclosure sales: 5,000
Month-over-month change: -
Year-over-year change: -
Number of properties that are 30 or more days past due, but not in foreclosure: 2,016,000
Month-over-month change: -11,000
Year-over-year change: 108,000
Number of properties that are 90 or more days past due, but not in foreclosure: 541,000
Month-over-month change: 29,000
Year-over-year change: 66,000
Number of properties in foreclosure pre-sale inventory: 192,000
Month-over-month change: 7,000
Year-over-year change: -20,000
Number of properties that are 30 or more days past due or in foreclosure: 2,208,000
Month-over-month change: -4,000
Year-over-year change: 89,000
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Top 5 States by 12-Month Change in Non-Current* Percentage |
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*Non-current totals combine foreclosures and delinquencies as a percent of active loans in that state.
Notes:
1) Totals are extrapolated based on ICE’s loan-level mortgage and property records databases.
2) All whole numbers are rounded to the nearest thousand, except foreclosure starts and sales, which are rounded to the nearest hundred.
The company will provide a more in-depth review of this data in its monthly Mortgage Monitor report, which includes an analysis of data supplemented by detailed charts and graphs that reflect trend and point-in-time observations. The Mortgage Monitor report will be available online at https://mortgagetech.ice.com/resources/data-reports by February 3, 2025.
For more information about gaining access to ICE’s loan-level database, please send an email to ICE-MortgageMonitor@ice.com.
About Intercontinental Exchange
Intercontinental Exchange, Inc. (NYSE: ICE) is a Fortune 500 company that designs, builds and operates digital networks that connect people to opportunity. We provide financial technology and data services across major asset classes helping our customers access mission-critical workflow tools that increase transparency and efficiency. ICE’s futures, equity, and options exchanges – including the New York Stock Exchange – and clearing houses help people invest, raise capital and manage risk. We offer some of the world’s largest markets to trade and clear energy and environmental products. Our fixed income, data services and execution capabilities provide information, analytics and platforms that help our customers streamline processes and capitalize on opportunities. At ICE Mortgage Technology, we are transforming
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Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 – Statements in this press release regarding ICE's business that are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see ICE's Securities and Exchange Commission (SEC) filings, including, but not limited to, the risk factors in ICE's Annual Report on Form 10-K for the year ended December 31, 2023, as filed with the SEC on February 8, 2024.
Category: Mortgage Technology
ICE-CORP
Source: Intercontinental Exchange
View source version on businesswire.com: https://www.businesswire.com/news/home/20250123406597/en/
ICE Media Contact
Brad Kuhn
brad.kuhn@ice.com
+1 (904) 248-6341
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+1 (678) 981-3882
Source: Intercontinental Exchange
FAQ
What was ICE's reported national mortgage delinquency rate for December 2024?
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