ICE says US mortgage delinquency rate rises to 3.5% in May on calendar effects

Intercontinental Exchange, Inc.

Intercontinental Exchange, Inc.

ICE

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  • ICE’s May 2026 mortgage monitor showed U.S. delinquencies rose 15 bps to 3.5%, largely tied to a Sunday month-end payment-processing lag.
  • Serious delinquencies held flat m/m at 577,000 loans, yet rose by 111,000 y/y, the biggest annual increase since 2020.
  • Active foreclosure inventory climbed to 280,000 loans, up 34% y/y, the highest level in six years despite remaining below pre-pandemic rates.
  • Foreclosure starts fell 9% m/m to 33,000, yet ran 19% above year-ago levels, pointing to rising late-stage distress.
  • Prepayment speeds cooled as rates rose, with SMM down to 0.79% from 0.93% in April.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. ICE - Intercontinental Exchange Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20260626987329) on June 26, 2026, and is solely responsible for the information contained therein.

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