ICE Mortgage Monitor – September 2025

Risk comes from not knowing what you’re doing. – Warren Buffett

By Brad Beckett

According to the latest ICE Mortgage Monitor, the national delinquency rate fell 8 basis points (bps) in July to 3.27%.  Cures rose by 17% in the month, but remained 9% below last year’s levels.  In addition, ICE says FHA loans remain the primary driver of stress in the market.   In July, FHA delinquencies ticked down by 5 bps, however they are still 15 bps above a year ago and now account for the majority (52%) of serious delinquencies nationwide.