Foreclosure Activity, Mortgage Delinquencies Rise in June

While most homeowners are still making their mortgage payments on time, nationwide affordability challenges have caused a slight increase in mortgage delinquencies and foreclosure filings. According to mortgage data provider ICE Mortgage Technology’s June 2025 First Look report, active foreclosure rates were up by 10% in June compared with the same time last year, and both foreclosure starts and sales rose for the fourth straight month. Additionally, the national delinquency rate climbed 15 basis points to 3.35% in June, mainly due to early-stage missed payments.

FHA delinquencies, which tend to experience more seasonality, rose by 41 bps in the month, hitting their highest June level since 2013, excluding the 2020-2021 pandemic-era impact.

Serious delinquencies (SDQs) – loans 90+ days past due but not in foreclosure – held steady but are up +8% (35K) YoY, with FHA loans now accounting for +51% of all SDQs nationwide.