ICE: Mortgage Delinquencies Edge Higher

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Delinquency and foreclosure rates in most states moved higher in December according to the most recent ICE Mortgage Monitor. The national rate of total non-current mortgages ticked up to 4.1% as of December 31, 2025, from 3.8% as of October 31, 2025. The states with the highest non-current rates are still clustered in the south, with Louisiana at 8.6%, Mississippi at 8.4%, Alabama at 6.4% and Arkansas and Indiana at 6.0%, and all five were higher in December than in October. Idaho, Washington, Montana, and Colorado had the lowest non-current rates, all under 2.5%. The states seeing the greatest increase in non-current rates y/y were Maryland (+10.6%), Utah (+9.5%), and Arizona and Arkansas (+8.5%). Conversely, the states posting the largest declines in non-current rates were Florida (-8.8%), Hawaii (-5.7%), and South Carolina (-5.5%).


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