Foreclosure inventory growth hits nine-month low, ICE data shows
Serious delinquencies and foreclosure inventory under pressure
The more telling movement came deeper in the data. Seriously delinquent loans — those 90 or more days past due — rose by 11,000 to 574,000 in August, ending five consecutive monthly declines.
At 1.04% of active loans, the serious delinquency rate now matches the 2017–2019 pre-pandemic August average of 1.03%.
Earlier-stage delinquencies also crept higher in August, though loans 30 and 60 days past due remain down 21,000 from a year ago.
The foreclosure pipeline reflected similar nuance. Starts fell 6% in August, though they remain 29% above year-ago levels.
Completed foreclosure sales dipped 2%, running at just 57% of August 2019’s pace despite a 12% annual gain.
