ICE: New FHA mortgage defaults fall 15% year over year in June - ICE News | RalliesICE: New FHA mortgage defaults fall 15% year over year in June
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ICE• Foreclosure inventory and prepayments
- Foreclosure inventory rose to 0.53%, a six-year high; foreclosure starts climbed to 43,000, also a six-year high.
- Prepayment speeds slowed, with SMM down 2 bps to 0.77%, a five-month low.
ICE June 2026 mortgage data shows easing new default activity
- ICE June 2026 mortgage data showed new default activity easing, with new FHA defaults down 15% year over year.
- National delinquency rate rose 5 bps to 3.55%, still below the June 2019 pre-pandemic level of 4.16%.
- Serious delinquencies fell to 570,000, a six-month low, extending seasonal improvement since March.
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