ICE First Look at Mortgage Performance: Mortgage Delinquencies Continue to Slowly Rise with FHA Performance in the Spotlight
ICE's February 2025 mortgage performance data reveals a concerning trend in delinquency rates. The national delinquency rate increased to 3.53%, up 5 basis points month-over-month and 19 bps year-over-year. FHA mortgages represented 90% of the 131,000 year-over-year increase in delinquencies, despite comprising less than 15% of active mortgages.
Notable impacts include 4,100 homeowners in Los Angeles falling past due due to wildfires, up significantly from 700 in January. While foreclosure starts (-17%) and sales (-11%) decreased in February, they showed year-over-year increases of 34% and 7% respectively, particularly affected by resumed VA foreclosure activity. The prepayment rate hit a 12-month low at 0.46%.
Total properties 30+ days past due or in foreclosure reached 2,123,000, with a monthly increase of 32,000 units. The foreclosure pre-sale inventory rate stands at 0.39%, with 211,000 properties in inventory.
I dati sulle performance dei mutui di ICE di febbraio 2025 rivelano una tendenza preoccupante nei tassi di insolvenza. Il tasso nazionale di insolvenza è aumentato al 3,53%, in crescita di 5 punti base rispetto al mese precedente e di 19 bps rispetto all'anno precedente. I mutui FHA hanno rappresentato il 90% dell'aumento di 131.000 insolvenze rispetto all'anno precedente, nonostante costituiscano meno del 15% dei mutui attivi.
Impatto notevole include 4.100 proprietari di case a Los Angeles che sono diventati insolventi a causa degli incendi boschivi, un aumento significativo rispetto ai 700 di gennaio. Sebbene le avvii di pignoramento (-17%) e le vendite (-11%) siano diminuite a febbraio, hanno mostrato aumenti anno su anno del 34% e del 7% rispettivamente, particolarmente influenzati dalla ripresa dell'attività di pignoramento VA. Il tasso di prepagamento ha raggiunto un minimo di 12 mesi a 0,46%.
Il totale delle proprietà in ritardo di oltre 30 giorni o in pignoramento ha raggiunto 2.123.000, con un aumento mensile di 32.000 unità. Il tasso di inventario pre-vendita dei pignoramenti è fermo allo 0,39%, con 211.000 proprietà in inventario.
Los datos de rendimiento hipotecario de ICE de febrero de 2025 revelan una tendencia preocupante en las tasas de morosidad. La tasa de morosidad nacional aumentó al 3.53%, subiendo 5 puntos básicos mes a mes y 19 bps interanual. Los hipotecas FHA representaron el 90% del aumento de 131,000 morosidades interanuales, a pesar de constituir menos del 15% de las hipotecas activas.
Impactos notables incluyen 4,100 propietarios en Los Ángeles que cayeron en morosidad debido a incendios forestales, un aumento significativo desde 700 en enero. Aunque los inicios de ejecuciones hipotecarias (-17%) y las ventas (-11%) disminuyeron en febrero, mostraron aumentos interanuales del 34% y 7% respectivamente, particularmente afectados por la reanudación de la actividad de ejecuciones hipotecarias de VA. La tasa de prepago alcanzó un mínimo de 12 meses de 0.46%.
El total de propiedades con más de 30 días de retraso o en ejecución hipotecaria alcanzó 2,123,000, con un aumento mensual de 32,000 unidades. La tasa de inventario de pre-venta de ejecuciones hipotecarias se sitúa en el 0.39%, con 211,000 propiedades en inventario.
ICE의 2025년 2월 주택담보대출 성과 데이터는 연체율에서 우려스러운 추세를 드러냅니다. 전국 연체율은 3.53%로 증가했으며, 전월 대비 5bp, 전년 대비 19bp 상승했습니다. FHA 주택담보대출은 131,000건의 연체 증가 중 90%를 차지했으며, 이는 활성 주택담보대출의 15% 미만에 해당합니다.
주목할 만한 영향으로는 로스앤젤레스에서 4,100명의 주택 소유자가 산불로 인해 연체된 것으로, 이는 1월의 700명에서 크게 증가한 수치입니다. 2월에는 압류 시작(-17%)과 판매(-11%)가 감소했지만, 각각 34%와 7%의 연간 증가율을 보였으며, 특히 VA 압류 활동 재개로 영향을 받았습니다. 선지급 비율은 0.46%로 12개월 최저치를 기록했습니다.
30일 이상 연체되거나 압류된 총 자산은 2,123,000에 달하며, 월간 증가분은 32,000개 유닛입니다. 압류 사전 판매 재고 비율은 0.39%이며, 211,000개의 자산이 재고로 남아 있습니다.
Les données de performance hypothécaire d'ICE pour février 2025 révèlent une tendance préoccupante dans les taux d'impayés. Le taux national d'impayés a augmenté à 3,53%, en hausse de 5 points de base par rapport au mois précédent et de 19 bps par rapport à l'année précédente. Les hypothèques FHA représentaient 90% de l'augmentation de 131 000 impayés par rapport à l'année précédente, bien qu'elles ne constituent pas plus de 15% des hypothèques actives.
Les impacts notables incluent 4 100 propriétaires à Los Angeles devenus en retard en raison des incendies de forêt, en forte augmentation par rapport à 700 en janvier. Bien que les démarrages de saisies (-17%) et les ventes (-11%) aient diminué en février, ils ont montré des augmentations annuelles de 34% et 7% respectivement, particulièrement affectées par la reprise de l'activité de saisie de la VA. Le taux de remboursement anticipé a atteint un minimum de 12 mois à 0,46%.
Le nombre total de propriétés en retard de plus de 30 jours ou en saisie a atteint 2 123 000, avec une augmentation mensuelle de 32 000 unités. Le taux d'inventaire de pré-vente des saisies est de 0,39%, avec 211 000 propriétés en inventaire.
Die Hypothekenleistungsdaten von ICE für Februar 2025 zeigen einen besorgniserregenden Trend bei den Zahlungsrückständen. Die nationale Rückstandsquote stieg auf 3,53%, was einen Anstieg um 5 Basispunkte im Vergleich zum Vormonat und 19 Bp im Vergleich zum Vorjahr bedeutet. FHA-Hypotheken machten 90% des Anstiegs von 131.000 Rückständen im Jahresvergleich aus, obwohl sie weniger als 15% der aktiven Hypotheken ausmachen.
Bemerkenswerte Auswirkungen sind, dass 4.100 Hausbesitzer in Los Angeles aufgrund von Waldbränden in Verzug geraten sind, was einen signifikanten Anstieg von 700 im Januar darstellt. Während die Zwangsvollstreckungsstarts (-17%) und Verkäufe (-11%) im Februar zurückgingen, zeigten sie im Jahresvergleich Anstiege von 34% bzw. 7%, insbesondere beeinflusst durch die Wiederaufnahme der Zwangsvollstreckungsaktivitäten der VA. Der Vorabzahlungsanteil erreichte mit 0,46% den niedrigsten Stand seit 12 Monaten.
Die Gesamtzahl der Immobilien, die mehr als 30 Tage überfällig sind oder sich in der Zwangsvollstreckung befinden, erreichte 2.123.000, mit einem monatlichen Anstieg von 32.000 Einheiten. Die Vorverkaufsinventarquote für Zwangsvollstreckungen liegt bei 0,39%, mit 211.000 Immobilien im Inventar.
- Foreclosure starts and sales showed monthly decreases (-17% and -11% respectively)
- 90+ days past due properties decreased by 12,000 month-over-month
- National delinquency rate increased to 3.53%, up 19 bps year-over-year
- FHA mortgages showing significant deterioration, accounting for 90% of new delinquencies
- Total properties 30+ days past due increased by 28,000 to 1,913,000
- Prepayment rate fell to one-year low of 0.46%
- Foreclosure starts up 34% year-over-year
- Significant increase in wildfire-related delinquencies in Los Angeles (4,100 vs 700 in January)
Insights
ICE's February mortgage performance data shows concerning trends with the national delinquency rate climbing to
The geographic impact of natural disasters is becoming increasingly significant, with Los Angeles showing a dramatic spike in delinquencies (from 700 to 4,100 homeowners) following recent wildfires. This localized stress illustrates how climate events are creating regional pockets of mortgage distress.
While monthly foreclosure metrics show some improvement (starts down
The prepayment rate hitting a 12-month low at
For ICE, this report demonstrates the continuing value of their comprehensive mortgage data services, especially as market complexity increases and lenders require more sophisticated analytics to manage risk.
ICE's February mortgage performance data reveals nuanced signals for financial markets. The
The concentration of delinquency growth in FHA loans merits attention as it indicates financial stress specifically among lower-income borrowers, potentially signaling growing economic stratification. Financial institutions with heavy exposure to this segment may face increased servicing costs and capital reserve requirements.
The foreclosure metrics present a mixed picture - monthly improvements offset by yearly increases. The resumption of VA foreclosures following their moratorium explains much of this discrepancy and represents a return to normal servicing operations rather than a fundamental market shift.
For ICE as a business, this report showcases their integral role in providing critical mortgage market intelligence. As a data and technology provider, market stress actually enhances demand for their analytics products as financial institutions require more sophisticated tools to navigate complex market conditions.
The prepayment rate decline to
-
The national delinquency rate edged up 5 basis points (bps) to
3.53% in February; that’s up 19 bps from a year ago but still 32 bps below where it was entering the pandemic -
FHA mortgages accounted for
90% of the 131K year-over-year rise in the number of delinquencies, despite making up less than15% of all active mortgages -
4,100 homeowners in
Los Angeles are now past due as a result of the wildfires, up from 700 in January, with daily performance data suggesting that number could edge higher in March -
Foreclosure starts (-
17% ) and sales (-11% ) eased in February, but are up (+34% /+7% ) from the same time last year as VA foreclosure activity resumed after a year-long moratorium -
Prepayment activity (SMM) fell to
0.46% in February, the lowest level in a year, on higher rates and a seasonal dip in home sales
Data as of Feb. 28, 2025
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: 5,600
Month-over-month change: -
Year-over-year change: -
Number of properties that are 30 or more days past due, but not in foreclosure: 1,913,000
Month-over-month change: 28,000
Year-over-year change: 131,000
Number of properties that are 90 or more days past due, but not in foreclosure: 528,000
Month-over-month change: -12,000
Year-over-year change: 69,000
Number of properties in foreclosure pre-sale inventory: 211,000
Month-over-month change: 4,000
Year-over-year change: 0
Number of properties that are 30 or more days past due or in foreclosure: 2,123,000
Month-over-month change: 32,000
Year-over-year change: 130,000
Top 5 States by Non-Current* Percentage |
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Bottom 5 States by Non-Current* Percentage |
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Top 5 States by 90+ Days Delinquent Percentage |
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Top 5 States by 12-Month Change in Non-Current* Percentage |
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Bottom 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 database of mortgage assets. |
| 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 April 7, 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
Trademarks of ICE and/or its affiliates include Intercontinental Exchange, ICE, ICE block design, NYSE and New York Stock Exchange. Information regarding additional trademarks and intellectual property rights of Intercontinental Exchange, Inc. and/or its affiliates is located here. Key Information Documents for certain products covered by the EU Packaged Retail and Insurance-based Investment Products Regulation can be accessed on the relevant exchange website under the heading “Key Information Documents (KIDS).”
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 ICE's Annual Report on Form 10-K for the year ended December 31, 2024, as filed with the SEC on February 6, 2025.
Category: Mortgage Technology
ICE-CORP
Source: Intercontinental Exchange
View source version on businesswire.com: https://www.businesswire.com/news/home/20250321266316/en/
ICE Media Contact
Brad Kuhn
brad.kuhn@ice.com
+1 (904) 248-6341
media@ice.com
ICE Investor Contact:
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katia.gonzalez@ice.com
+1 (678) 981-3882
investors@ice.com
Source: Intercontinental Exchange
FAQ
What is the current national mortgage delinquency rate according to ICE's February 2025 data?
How many properties are currently delinquent or in foreclosure according to ICE's February 2025 report?
What impact did the Los Angeles wildfires have on mortgage delinquencies in February 2025?
How has FHA mortgage performance affected overall delinquency numbers in ICE's February 2025 report?
What are the current foreclosure trends according to ICE's February 2025 data?
