Fitch Ratings’ overall U.S. CMBS delinquency rate increased 15 basis points to 3.43% in March from 3.28% in February, driven by a surge in new large-balance office delinquencies that outpaced resolutions. The increase was... Read more »
ICE said that the increase largely reflects calendar effects rather than a broad deterioration in borrower performance. Similar calendar-driven increases occurred in 2014, 2008 and 2003, each of which produced larger November... Read more »
Natural disasters drove mortgage delinquencies in November to their highest level in three years, according to a report by ICE. Industry experts advise closely monitoring the trend but note that the share... Read more »
The Federal Housing Finance Agency (FHFA) on Tuesday released an update about the sales of non-performing loans (NPLs) through the government-sponsored enterprises (GSEs), saying the data has shown a steady drop in... Read more »
September signified a steady decline in mortgage performance since the end of third-quarter 2023. About 3% of all mortgages were in some form of delinquency in September 2024 — up 20 basis... Read more »
In second-quarter 2024, high home prices and soaring mortgage rates caused more homeowners to struggle with their loan payments. But data shows a slight recovery as mortgage delinquencies fell in the third... Read more »
Mortgage delinquencies improved again in February as prepayment activity increased moderately. The national delinquency rate eased to 3.34% in February, down from 3.38% in January, according to an Intercontinental Exchange (ICE) mortgage... Read more »
Mortgage delinquencies kept rising slightly in the fourth quarter of 2023 as Americans continued to indulge in personal spending. But delinquency rates remain well below historic averages, according to new data from... Read more »
Delinquencies rose in December but the rise is mostly due to the calendar: December ended on a Sunday, so payments made on the last day of the month were credited to January.... Read more »
While delinquencies remain low overall, the number of delinquent loans ticked up in November, according to the latest ICE Mortgage Monitor report. Furthermore, the delinquency rate among FHA loans is at a... Read more »