Natural disasters drove mortgage delinquencies in November to their highest level in three years, according to a report by ICE. 

Industry experts advise closely monitoring the trend but note that the share of borrowers missing payments remains low compared to the long-term average. Concerns are mainly concentrated in the government portfolio, particularly the Federal Housing Administration (FHA) mortgages. 

ICE data shows that loans 30 or more days past due – but not in foreclosure – rose to 3.74% in November after six consecutive months of details ⇒

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