ICE First Look at Mortgage Performance: Foreclosure Starts Jump as VA Moratorium Ends; Wildfire Delinquencies Emerge
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Intercontinental Exchange, Inc. (ICE) reports a rise in foreclosure starts as the VA moratorium ends and new delinquencies due to wildfires. The total U.S. loan delinquency rate decreased month-over-month but increased year-over-year.
February 21, 2025 | 2:15 pm
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Intercontinental Exchange, Inc. (ICE) reports an increase in foreclosure starts following the end of the VA moratorium and new delinquencies due to wildfires. The overall U.S. loan delinquency rate shows a month-over-month decrease but a year-over-year increase.
The report from ICE highlights significant changes in mortgage performance metrics, which could impact investor perception of ICE's data services. However, the direct financial impact on ICE is limited, as the company primarily provides data and technology services.
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IMPORTANCE 70
RELEVANCE 80