Photo: Daniel Barnes / Unsplash. Illustrative stock photograph; not a property or company discussed in this article. The number of homes stuck in foreclosure is climbing, even though most borrowers are still current. The national mortgage delinquency rate rose to 3.66% in September, up 12 basis points from August, according to ICE's First Look report covered by HousingWire. That sounds worse than it is. The rate is still 34 basis points below September 2019 and lower than any pre-pandemic September…
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Foreclosure Inventory Just Hit Its Highest Level Since 2019. Most Homeowners Are Still Paying on Time.
ICE reports rising foreclosure inventory and serious delinquencies, while the overall mortgage delinquency rate remains below pre-pandemic September levels.
