Spring relief masks rising serious delinquencies

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Mortgage delinquency rates improved in March, largely due to seasonal trends and increased prepayments, according to new data from Intercontinental Exchange (ICE). However, underlying issues persist, with serious delinquencies and foreclosures continuing to rise, a trend that has been a concern since late 2025. While overall mortgage performance remains healthy for most, the ongoing increase in late-stage delinquencies warrants close monitoring.

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