General World News

December mortgage delinquencies rise due to calendar effect: ICE

Delinquencies rose in December but the rise is mostly due to the calendar: December ended on a Sunday, so payments made on the last day of the month were credited to January. As a result, some loans appeared temporarily delinquent, ICE noted in its First Look Mortgage Performance report. The national delinquency rate rose to 3.57% in December, up from 3.39% in November.

On a yearly basis, the number of delinquencies edged up 2.65% in 2023. However, serious delinquencies (loans 90+ days past due) and foreclosures both declined year over year thanks to continuing details ⇒

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