Mortgage Defaults Level Off in June, FHA New Defaults Down 15%

Mortgage defaults level off in June, FHA new defaults down 15%

New mortgage default activity remained stable in June, with new defaults among Federal Housing Administration (FHA) borrowers falling 15% from a year earlier, marking the largest annual decline in more than four years. That’s according to Intercontinental Exchange’s (ICE) latest First Look Mortgage Performance report, which observed that overall mortgage performance remained strong during the month, although delinquencies ticked higher on a seas…

FHA Loans Driving Annual Decline in New Default Activity - The MortgagePoint

Intercontinental Exchange, Inc. has published the June 2026 ICE First Look report, which examines trends in mortgage delinquency, foreclosure, and prepayment. The analysis revealed that early-stage delinquencies continued to be low as new default activity decreased. Significantly, new FHA defaults experienced their most substantial annual decline in over four years. Key Findings from the June 2026 ICE First Look: Delinquencies experienced a mod…

Large drop in new defaults may signal reprieve for servicers

The drop in the annual metric for FHA loans was the biggest in over four years but other performance indicators ICE Mortgage Technology tracked were mixed.