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Resources/Data Reports/Delinquencies Improved Again in November 2020, But Nearly 2.2 Million Seriously Past-Due Mortgages Remain | ICE Mortgage Technology

First Look at November 2020 Mortgage Data

Delinquencies Improved Again in November 2020, But Nearly 2.2 Million Seriously Past-Due Mortgages Remain

  • Despite seasonal headwinds, mortgage delinquencies improved for the sixth consecutive month in November 2020, falling to 6.33% from 6.44% in the month prior
  • The national delinquency rate is now down 1.5 percentage points from its peak of 7.8% in May but remains a full three percentage points (+93%) above pre-pandemic levels
  • While early-stage delinquencies – borrowers one or two payments past due – have fallen back below pre-pandemic levels, seriously past-due (90+ days) mortgages remain 1.8 million above pre-pandemic levels
  • Foreclosure activity remains muted as widespread moratoriums remain in place
  • November’s 4,400 foreclosure starts and 176,000 loans in active foreclosure are both at their lowest levels on record since ICE began reporting the metrics in 2000
  • Prepayments fell 11% from October’s 16-year high; however, with interest rates at record lows and refinance incentive at an all-time high, prepay activity is likely to remain elevated in the coming months

JACKSONVILLE, Fla. – Dec. 21, 2020 – ICE reports the following “first look” at November 2020 month-end mortgage performance statistics derived from its loan-level database representing the majority of the national mortgage market.

BKI_First_Look_Nov2020_Chart01BKI_First_Look_Nov2020_Chart02BKI_First_Look_Nov2020_Chart03BKI_First_Look_Nov2020_Chart04BKI_First_Look_Nov2020_Chart05
BKI_First_Look_Nov2020_Chart06

*Non-current totals combine foreclosures and delinquencies as a percent of active loans in that state.

Notes:

Totals are extrapolated based on ICE’s loan-level database of mortgage assets.

All whole numbers are rounded to the nearest thousand, except foreclosure starts, 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://www.icemortgagetechnology.com/resources/data-reports

For more information about gaining access to ICE’s loan-level database, please send an email to [email protected].

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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 U.S. housing finance, from initial consumer engagement through loan production, closing, registration and the long-term servicing relationship. Together, ICE transforms, streamlines and automates industries to connect our customers to opportunity.

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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 in ICE's Annual Report on Form 10-K for the year ended December 31, 2023, as filed with the SEC on February 8, 2024.

Media Contacts

Mitch Cohen
704.890.8158

[email protected]​​​

Katia Gonzalez
678.981.3882

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November 2020 Chart

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