ICE First Look at Mortgage Performance: Delinquencies Hit Highest Level in Nearly Three Years; Prepayments Drop on Higher Rates
ICE's November 2024 mortgage performance data shows concerning trends in the U.S. housing market. The national delinquency rate increased to 3.74%, marking the highest level in nearly three years and six consecutive months of year-over-year increases. The total number of properties 30+ days past due but not in foreclosure reached 2,027,000, up by 159,000 month-over-month.
Seriously delinquent loans (90+ days past due) increased to 512,000 properties. Despite rising delinquencies, foreclosure activity remained subdued, with starts and completions dropping in November and staying below pre-pandemic levels. Prepayment activity fell 25.0% month-over-month due to higher interest rates.
Louisiana leads states with the highest non-current percentage at 8.60%, while Washington has the lowest at 2.16%. Florida showed the largest 12-month increase in non-current loans at 28.13%.
I dati sulle performance dei mutui di novembre 2024 di ICE mostrano tendenze preoccupanti nel mercato immobiliare statunitense. Il tasso nazionale di insolvenza è aumentato al 3,74%, segnando il livello più alto in quasi tre anni e sei mesi consecutivi di aumenti anno su anno. Il numero totale di proprietà con un ritardo superiore ai 30 giorni ma non in procedura di sfratto ha raggiunto 2.027.000, in aumento di 159.000 rispetto al mese precedente.
I prestiti seriamente inadempienti (con un ritardo superiore ai 90 giorni) sono aumentati a 512.000 proprietà. Nonostante l'aumento delle insolvenze, l'attività di sfratto è rimasta contenuta, con avvii e completamenti in calo a novembre e al di sotto dei livelli pre-pandemia. L'attività di rimborso anticipato è scesa del 25,0% rispetto al mese precedente a causa dei tassi di interesse più elevati.
La Louisiana guida gli stati con la percentuale più alta di mutui non in corso all'8,60%, mentre Washington ha la percentuale più bassa al 2,16%. La Florida ha mostrato il maggiore aumento in 12 mesi di prestiti non in corso con il 28,13%.
Los datos de desempeño de hipotecas de noviembre de 2024 de ICE muestran tendencias preocupantes en el mercado de la vivienda de EE. UU. La tasa nacional de morosidad aumentó al 3.74%, marcando el nivel más alto en casi tres años y seis meses consecutivos de incrementos año tras año. El número total de propiedades con más de 30 días de atraso pero no en ejecución hipotecaria alcanzó 2,027,000, un aumento de 159,000 en comparación con el mes anterior.
Los préstamos seriamente morosos (con más de 90 días de atraso) aumentaron a 512,000 propiedades. A pesar del aumento de las morosidades, la actividad de ejecuciones hipotecarias se mantuvo contenida, con inicios y finalizaciones en caída en noviembre y permaneciendo por debajo de los niveles previos a la pandemia. La actividad de prepago cayó un 25,0% mes a mes debido a tasas de interés más altas.
Louisiana lidera los estados con el mayor porcentaje de préstamos no actuales, con un 8,60%, mientras que Washington tiene el más bajo con un 2,16%. Florida mostró el mayor aumento en 12 meses de préstamos no actuales con un 28,13%.
ICE의 2024년 11월 주택 담보 대출 성과 데이터는 미국 주택 시장의 우려스러운 추세를 보여줍니다. 전국 연체율이 3.74%로 증가하여 거의 3년 만에 가장 높은 수준이며, 6개월 연속으로 전년 대비 증가세를 보였습니다. 경매에 들어가지 않은 30일 이상 연체된 총 자산 수는 2,027,000에 달하며, 이는 전월 대비 159,000건 증가한 수치입니다.
심각하게 연체된 대출(90일 이상 연체)은 512,000건으로 증가했습니다. 연체율이 상승했음에도 불구하고, 경매 활동은 여전히 억제된 상태로, 11월에 시작 및 완료가 감소하며 팬데믹 이전 수준을 밑돌았습니다. 금리가 상승함에 따라 선지급 활동은 전월 대비 25.0% 감소했습니다.
루이지애나주는 비정상 대출 비율이 8.60%로 가장 높은 주이며, 워싱턴주는 2.16%로 가장 낮습니다. 플로리다는 비정상 대출에서 12개월 동안 28.13%의 가장 큰 증가를 보였습니다.
Les données de performance hypothécaire d'ICE pour novembre 2024 montrent des tendances préoccupantes dans le marché immobilier américain. Le taux de délinquance national a augmenté à 3,74%, atteignant son niveau le plus élevé en près de trois ans, avec six mois consécutifs d'augmentations d'une année sur l'autre. Le nombre total de propriétés en retard de plus de 30 jours, mais pas en saisie, a atteint 2.027.000, en hausse de 159.000 par rapport au mois précédent.
Les prêts gravement en souffrance (en retard de plus de 90 jours) ont augmenté à 512.000 propriétés. Malgré la hausse des délinquances, l'activité de saisie est restée faible, avec des débuts et des finalisations en baisse en novembre, restant en dessous des niveaux d'avant la pandémie. L'activité de remboursement anticipé a chuté de 25,0% par rapport au mois précédent en raison de la hausse des taux d'intérêt.
La Louisiane est l'État avec le pourcentage le plus élevé de prêts non courants à 8,60%, tandis que Washington a le plus bas à 2,16%. La Floride a montré la plus forte augmentation sur 12 mois des prêts non courants avec 28,13%.
Die Hypothekenleistungsdaten von ICE für November 2024 zeigen besorgniserregende Trends auf dem US-Wohnungsmarkt. Die nationale Delinquenzrate stieg auf 3,74%, was den höchsten Stand seit fast drei Jahren darstellt, und verzeichnete sechs aufeinanderfolgende Monate mit Anstiegen im Jahresvergleich. Die Gesamtzahl der Immobilien, die mehr als 30 Tage überfällig, aber nicht in der Zwangsversteigerung sind, erreichte 2.027.000, ein Anstieg um 159.000 im Vergleich zum Vormonat.
Schwerwiegende säumige Darlehen (90+ Tage überfällig) stiegen auf 512.000 Immobilien. Trotz des Anstiegs der Delinquenzen blieb die Zwangsversteigerungsaktivität gedämpft, mit Rückgängen bei Starts und Abschlüssen im November, die unter dem Niveau vor der Pandemie blieben. Die Vorabzahlungsaktivität fiel um 25,0% im Vergleich zum Vormonat aufgrund höherer Zinssätze.
Louisiana führt die Bundesstaaten mit dem höchsten prozentualen Anteil von nicht aktuellen Krediten mit 8,60% an, während Washington den niedrigsten Anteil mit 2,16% hat. Florida verzeichnete den größten Anstieg nicht aktueller Kredite über 12 Monate mit 28,13%.
- Foreclosure inventory decreased by 15.96% year-over-year
- Active foreclosures are 31,000 lower than the previous year
- Foreclosure activity remains well below pre-pandemic levels
- National delinquency rate increased 29 bps to 3.74%, highest in nearly 3 years
- Six consecutive months of year-over-year delinquency increases
- Seriously delinquent loans reached highest level since February 2023
- Properties 30+ days past due increased by 224,000 year-over-year
- Prepayment activity declined 25.0% month-over-month
Insights
The latest mortgage performance metrics reveal concerning trends in the housing market. The 3.74% national delinquency rate, reaching its highest level in nearly three years with a
Geographic disparities are striking, with Louisiana and Mississippi showing non-current rates above
The
The data presents a complex picture of mounting household financial stress against a backdrop of relatively contained foreclosure activity. The 159,000 monthly increase in 30+ day delinquencies, coupled with rising serious delinquencies, may foreshadow increased default risk if economic conditions deteriorate.
However, the foreclosure landscape remains benign compared to historical norms, with starts down
The regional concentration of delinquencies in the Southeast, particularly post-hurricane impacts in Florida, indicates that natural disasters rather than systemic economic issues may be driving some of the deterioration. Still, the broad-based nature of delinquency increases across early-, mid- and late-stage categories warrants close monitoring.
-
The national delinquency rate jumped 29 basis points (bps) in November to
3.74% , its highest level in almost three years, marking six consecutive months of year-over-year increases - While much of November’s spike was driven by seasonality, post-hurricane distress, and a late-in-the-month Thanksgiving, delinquencies more broadly continue to rise from recent year lows
- Early-, mid- and late-stage defaults all rose in November, with seriously delinquent loans – 90 or more days past due but not in active foreclosure – now at the highest level since February 2023
- Both foreclosure starts and completions dropped in November and remain well below pre-pandemic levels, leaving 31K fewer loans in active foreclosure than at the same time last year
-
Prepayment activity fell -
25.0% month over month on October’s higher interest rates, and remains nearly30% off last year’s levels
Data as of Nov. 30, 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: 5,300
Month-over-month change: -
Year-over-year change: -
Number of properties that are 30 or more days past due, but not in foreclosure: 2,027,000
Month-over-month change: 159,000
Year-over-year change: 224,000
Number of properties that are 90 or more days past due, but not in foreclosure: 512,000
Month-over-month change: 32,000
Year-over-year change: 53,000
Number of properties in foreclosure pre-sale inventory: 185,000
Month-over-month change: -4,000
Year-over-year change: -31,000
Number of properties that are 30 or more days past due or in foreclosure: 2,213,000
Month-over-month change: 155,000
Year-over-year change: 192,000
Top 5 States by Non-Current* Percentage |
|||
|
8.60 |
% |
|
|
8.48 |
% |
|
|
6.23 |
% |
|
|
5.68 |
% |
|
|
5.55 |
% |
|
|
|
||
Bottom 5 States by Non-Current* Percentage |
|||
|
2.16 |
% |
|
|
2.19 |
% |
|
|
2.21 |
% |
|
|
2.25 |
% |
|
|
2.30 |
% |
|
|
|||
Top 5 States by 90+ Days Delinquent Percentage |
|||
|
2.30 |
% |
|
|
2.26 |
% |
|
|
1.63 |
% |
|
|
1.42 |
% |
|
|
1.35 |
% |
|
Top 5 States by 12-Month Change in Non-Current* Percentage |
|||
|
-9.59 |
% |
|
|
-5.86 |
% |
|
|
-2.24 |
% |
|
|
-0.80 |
% |
|
|
0.05 |
% |
|
|
|||
| Bottom 5 States by 12-Month Change in Non-Current* Percentage | |||
|
28.13 |
% |
|
|
20.39 |
% |
|
|
17.59 |
% |
|
|
15.65 |
% |
|
12.76 |
% | ||
*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. |
|
NOTE: Due to the holidays ICE Mortgage Monitor will not publish a report in January. Reports for previous months are available online at mortgagetech.ice.com/resources/data-reports. The next ICE Mortgage Monitor will publish February 3, 2025.
For more information about gaining access to ICE’s loan-level database, please send an email to Mortgage.Monitor@bkfs.com.
About Intercontinental Exchange
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Category: Mortgage Technology
ICE-CORP
Source: Intercontinental Exchange
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ICE Media Contact
Mitch Cohen
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+1 704-890-8158
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Source: Intercontinental Exchange
FAQ
What is ICE's reported national mortgage delinquency rate for November 2024?
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Which state has the highest mortgage non-current percentage in ICE's November report?
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