"The national mortgage delinquency rate fell 37 basis points in March to 3.35%, broadly in line with typical seasonal improvement for the month, yet remained 14 basis points higher than in March 2025."
"Prepayment speeds rose sharply, with the single-month mortality (SMM) rate climbing 24 basis points from February to 1.06%, the highest level in nearly four years and 78% above March 2025."
"New delinquency inflow fell 23% on a seasonal basis in March and was effectively flat compared to the same month last year, reflecting fewer loans progressing into more severe stages of distress."
"Total cures rose to 547,000 in March, up 27% from February, with cures among loans 90 or more days past due also posting a strong month-over-month increase."
The March 2026 ICE First Look report indicated a seasonal improvement in mortgage performance, with a decline in delinquencies and a rise in prepayment activity. The national mortgage delinquency rate decreased to 3.35%, although it remained higher than the previous year. Prepayment speeds reached a near four-year high, attributed to borrowers responding to lower rates. New delinquency inflow fell 23% seasonally, and total cures increased significantly. However, serious delinquencies and foreclosure inventories continued to rise, indicating ongoing challenges in the mortgage market.
Read at www.housingwire.com
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