ICE says US mortgage delinquency rate slips to 3.39% in July - ICE News | RalliesICE says US mortgage delinquency rate slips to 3.39% in July
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ICE• July mortgage performance improves, but foreclosure pressure rises
- ICE’s July 2026 data showed improving U.S. mortgage performance, with the delinquency rate down 16 bps to 3.39%.
- Serious delinquencies fell for a fifth month; 90+ days past due inventory eased to 563,000, still 97,000 higher year over year.
- New 90+ day defaults totaled 102,000, down 4% year over year; cures from serious delinquency rose 7% to 64,100.
- Foreclosure pressure increased, with starts at 40,000, up 22.84% year over year; pre-sale inventory rate climbed to 0.54%.
- Prepayments slowed, with SMM down to 0.74%, the lowest since January, reflecting elevated mortgage rates.
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