General World News

Foreclosure starts rise in October but near-term risk is muted: ICE

While foreclosure completions remained relatively flat in October, foreclosure starts rose to 33,000, hitting their highest level in 18 months, according to the ICE Mortgage Monitor report.

In October,  there were 217,000 loans in active foreclosure, up 3,000 since September. However, this remains 25% under the pre-pandemic levels.  

The national delinquency rate fell three basis points to 3.26% in October. Both short-term and long-term delinquencies ticked down. 

Serious delinquencies (90+ days past due) fell, with 8,000 fewer borrowers in that category at 447,000 people in total. That is the lowest level details ⇒

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