First Look at December 2019 Mortgage Data
Strong Close to 2019 Pushes Mortgage Delinquency Rate to Near Record Low
- Mortgage delinquencies fell by nearly 4% month-over-month to within 0.04% of the record low set in May 2019 and more than 12% below last year’s level
- The national foreclosure rate fell again in December to reach a new 14-year low, and the lowest on record outside the final five months of 2005
- 2019 ended with just over two million borrowers past due on their mortgage (including active foreclosures) – down 236,000 from the same time last year and the lowest year-end volume since the turn of the century
- After falling by 19% in November, prepayment rates ticked upward in December, suggesting that the recent leveling off of interest rates has had a flattening effect on refinance activity
JACKSONVILLE, Fla. – Jan. 22, 2020 – ICE reports the following “first look” at December 2019 month-end mortgage performance statistics derived from its loan-level database representing the majority of the national mortgage market.
![](https://static.icemortgagetechnology.com/icemt/assets/data-reports/BKI_First_Look_Dec2019_Chart01-1024x366.jpg)
![](https://static.icemortgagetechnology.com/icemt/assets/data-reports/BKI_First_Look_Dec2019_Chart02-1024x233.jpg)
![](https://static.icemortgagetechnology.com/icemt/assets/data-reports/BKI_First_Look_Dec2019_Chart03-1024x228.jpg)
![](https://static.icemortgagetechnology.com/icemt/assets/data-reports/BKI_First_Look_Dec2019_Chart04-1024x227.jpg)
![](https://static.icemortgagetechnology.com/icemt/assets/data-reports/BKI_First_Look_Dec2019_Chart05-1024x231.jpg)
![](https://static.icemortgagetechnology.com/icemt/assets/data-reports/BKI_First_Look_Dec2019_Chart06-1024x231.jpg)
*Non-current totals combine foreclosures and delinquencies as a percent of active loans in that state.
Notes:
- Totals are extrapolated based on ICE’s loan-level database of mortgage assets.
- All whole numbers are rounded to the nearest thousand, except foreclosure starts, which are rounded to the nearest hundred.
For more information about gaining access to ICE’s loan-level database, please send an email to Mortgage.Monitor@bkfs.com.
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