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For more than 30 years, Cabling Installation & Maintenance has provided useful, practical information to professionals responsible for the specification, design, installation and management of structured cabling systems serving enterprise, data center and other environments. These professionals are challenged to stay informed of constantly evolving standards, system-design and installation approaches, product and system capabilities, technologies, as well as applications that rely on high-performance structured cabling systems. Our editors synthesize these complex issues into multiple information products. This portfolio of information products provides concrete detail that improves the efficiency of day-to-day operations, and equips cabling professionals with the perspective that enables strategic planning for networks’ optimum long-term performance.

Throughout our annual magazine, weekly email newsletters and 24/7/365 website, Cabling Installation & Maintenance digs into the essential topics our audience focuses on.

  • Design, Installation and Testing: We explain the bottom-up design of cabling systems, from case histories of actual projects to solutions for specific problems or aspects of the design process. We also look at specific installations using a case-history approach to highlight challenging problems, solutions and unique features. Additionally, we examine evolving test-and-measurement technologies and techniques designed to address the standards-governed and practical-use performance requirements of cabling systems.
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ICE First Look at Mortgage Performance: Foreclosure starts rose in October, despite serious delinquencies returning to 17-year lows

  • The national delinquency rate fell 3 basis points (bps) to 3.26% in October, marking a 9 bps (-2.8%) improvement from the same time last year
  • Serious delinquencies (90+ days past due) fell to 447K, once again hitting their lowest levels since 2006
  • Loans 30-days late also declined, marking the first such improvement in five months
  • Despite the improvement in delinquencies, foreclosure starts rose to 33K in October, hitting their highest levels in 18 months – while the number of foreclosure sales (completions) remained relatively flat
  • Active foreclosure inventory inched up 3K to 217K, but remains more than 25% below prepandemic levels
  • While foreclosure starts rose in October, near term risk remains muted, with serious delinquencies historically low and more than 70% of such loans protected from foreclosure by loss mitigation efforts
  • Prepay activity (measured as single-month mortality) dwindled to just 0.43% under continued seasonal pressure, despite interest rates easing somewhat from the prior month

Intercontinental Exchange, Inc. (NYSE: ICE), a leading global provider of data, technology, and market infrastructure, reports the following “first look” at October 2023 month-end mortgage performance statistics derived from its loan-level database representing the majority of the national mortgage market.

Data as of Oct. 31, 2023

Total U.S. loan delinquency rate (loans 30 or more days past due, but not in foreclosure): 3.26%

Month-over-month change: -0.99%

Year-over-year change: -2.81%

 

Total U.S. foreclosure pre-sale inventory rate: 0.41%

Month-over-month change: 1.17%

Year-over-year change: -6.13%

 

Total U.S. foreclosure starts: 33,000

Month-over-month change 30.43%

Year-over-year change: 32.85%

 

Monthly prepayment rate (SMM): 0.43%

Month-over-month change: -3.41%

Year-over-year change: -12.78%

 

Foreclosure sales: 6,400

Month-over-month change: 0.48%

Year-over-year change: 0.78%

 

Number of properties that are 30 or more days past due, but not in foreclosure: ​ 1,734,000

Month-over-month change: -15,000

Year-over-year change: -22,000

 

Number of properties that are 90 or more days past due, but not in foreclosure: 447,000

Month-over-month change: -8,000

Year-over-year change: -135,000

 

Number of properties in foreclosure pre-sale inventory: ​217,000

Month-over-month change: 3,000

Year-over-year change: -11,000

 

Number of properties that are 30 or more days past due or in foreclosure: 1,951,000

Month-over-month change: -12,000

Year-over-year change: -32,000

Top 5 States by Non-Current* Percentage

Mississippi:

 

7.91%

Louisiana:

 

7.46%

Alabama:

 

5.60%

Indiana:

 

5.11%

Arkansas:

 

5.03%

Bottom 5 States by Non-Current* Percentage

California:

 

2.14%

Idaho:

 

2.14%

Montana:

 

2.02%

Washington:

 

2.01%

Colorado:

 

1.91%

Top 5 States by 90+ Days Delinquent Percentage

Mississippi:

 

2.11%

Louisiana:

 

1.81%

Alabama:

 

1.43%

Arkansas:

 

1.24%

Georgia:

 

1.17%

Top 5 States by 12-Month Change in Non-Current* Percentage

Alaska:

 

-17.16%

Rhode Island:

 

-14.59%

Vermont:

 

-12.28%

Iowa:

 

-11.08%

Maine:

 

-10.14%

Bottom 5 States by 12-Month Change in Non-Current* Percentage

Idaho:

 

10.84%

Louisiana:

 

6.94%

Hawaii:

 

6.61%

South Dakota:

 

5.68%

Delaware:

 

3.69%

*Non-current totals combine foreclosures and delinquencies as a percent of active loans in that state.
Notes:
1) Totals are extrapolated based on Black Knight’s loan-level database of mortgage assets.
2) All whole numbers are rounded to the nearest thousand, except foreclosure starts and sales, which are rounded to the nearest hundred.

The company will provide a more in-depth review of this data in its monthly Mortgage Monitor report, which includes an analysis of data supplemented by detailed charts and graphs that reflect trend and point-in-time observations. The Mortgage Monitor report will be available online at https://www.blackknightinc.com/data-reports/ by December 4, 2023.

For more information about gaining access to ICE’s loan-level database, please send an email to Mortgage.Monitor@bkfs.com.

About Intercontinental Exchange

Intercontinental Exchange, Inc. (NYSE: ICE) is a Fortune 500 company that designs, builds and operates digital networks that connect people to opportunity. We provide financial technology and data services across major asset classes helping our customers access mission-critical workflow tools that increase transparency and efficiency. ICE’s futures, equity, and options exchanges – including the New York Stock Exchange – and clearing houses help people invest, raise capital and manage risk. We offer some of the world’s largest markets to trade and clear energy and environmental products. Our fixed income, data services and execution capabilities provide information, analytics and platforms that help our customers streamline processes and capitalize on opportunities. At ICE Mortgage Technology, we are transforming U.S. housing finance, from initial consumer engagement through loan production, closing, registration and the long-term servicing relationship. Together, ICE transforms, streamlines and automates industries to connect our customers to opportunity.

Trademarks of ICE and/or its affiliates include Intercontinental Exchange, ICE, ICE block design, NYSE and New York Stock Exchange. Information regarding additional trademarks and intellectual property rights of Intercontinental Exchange, Inc. and/or its affiliates is located here. Key Information Documents for certain products covered by the EU Packaged Retail and Insurance-based Investment Products Regulation can be accessed on the relevant exchange website under the heading “Key Information Documents (KIDS).”

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 – Statements in this press release regarding ICE's business that are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see ICE's Securities and Exchange Commission (SEC) filings, including, but not limited to, the risk factors in ICE's Annual Report on Form 10-K for the year ended December 31, 2022, as filed with the SEC on February 2, 2023.

Category: ICE Mortgage Technology

ICE-CORP

Source: Intercontinental Exchange

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