Intercontinental Exchange, Inc. reported its January 2025 month-end mortgage performance statistics on February 21, 2025. The 'First Look' report, derived from ICE's loan-level database, highlighted a significant increase in foreclosure activity.
Total U.S. foreclosure starts reached 40,000, marking a 29.82% month-over-month increase and a 17.53% year-over-year increase. This jump was noted as U.S. Department of Veterans Affairs (VA) mortgages began progressing through the foreclosure pipeline following the expiration of a moratorium.
While the total U.S. loan delinquency rate decreased month-over-month to 3.47%, it still represented a 2.83% increase year-over-year. The rise in foreclosure starts indicates potential headwinds for mortgage servicers, a key client base for ICE Mortgage Technology.
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