Intercontinental Exchange, Inc. reported its October 2024 month-end mortgage performance statistics on November 21, 2024. The 'First Look' report, derived from ICE's loan-level database, highlighted a notable trend in delinquencies.
The data indicated that serious delinquencies reached a 17-month high. This increase suggests a rising level of risk within the U.S. mortgage market.
This information is crucial for ICE's Mortgage Technology clients, particularly those in loan servicing. The trend of increasing serious delinquencies could impact the performance and profitability of mortgage servicing portfolios.
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