November Sees Increase in Mortgage Delinquencies, Consistent with Historical Trends, Reports ICE Mortgage
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 23 2025
0mins
Source: SeekingAlpha
Mortgage Delinquency Rate: The national mortgage delinquency rate rose to 3.85% in November, the highest in over four years, with a significant increase in newly delinquent borrowers, totaling 609,000.
Foreclosure Trends: Foreclosure starts decreased by 32% month-over-month but increased by 25% year-over-year, while total foreclosure sales also saw a dip of 14% month-over-month and a rise of 25% year-over-year.
Prepayment Rate: The monthly prepayment rate fell to 0.83%, marking an 18% decrease from the previous month but a 31% increase compared to the same month last year.
Market Performance: The iShares Mortgage Real Estate Capped ETF (REM) dropped 1.6% in the past week but is up 5.0% year-to-date, while the VanEck Mortgage REIT Income ETF (MORT) increased by 2.1% in the past week and 3.3% year-to-date.
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Analyst Views on ICE
Wall Street analysts forecast ICE stock price to rise
10 Analyst Rating
9 Buy
1 Hold
0 Sell
Strong Buy
Current: 164.310
Low
174.00
Averages
191.60
High
223.00
Current: 164.310
Low
174.00
Averages
191.60
High
223.00
About ICE
Intercontinental Exchange, Inc. provides financial technology and data services across major asset classes, helping its customers access workflow tools that increase transparency and efficiency. Its Exchanges segment operates regulated marketplace technology for the listing, trading and clearing of an array of derivatives contracts and financial securities as well as data and connectivity services related to its exchanges and clearing houses. Its Fixed Income and Data Services segment provides fixed income pricing, reference data, indices, analytics and execution services as well as global credit default swaps (CDS), clearing and multi-asset class data delivery technology. Its Mortgage Technology segment provides a technology platform that offers customers comprehensive, digital workflow tools that aim to address inefficiencies and mitigate risks that exist in the United States residential mortgage market life cycle, from application through closing, servicing and the secondary market.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Market Sentiment Assessment: The current stock price of $166.97 is close to the 52-week high, potentially sparking buying interest among investors, especially against a backdrop of increasing demand for high-dividend stocks, which could further drive the stock price up.
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See More
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- Non-GAAP Expense Revision: The non-GAAP adjusted operating expenses are now projected to be between $1.030B and $1.040B, an increase from the prior estimate of $1.010B to $1.020B, reflecting the company's efforts in cost management.
- Significant Volume Growth: The company expects a 45% year-over-year increase in average daily volume for Q1, with financial products seeing a remarkable 65% rise, indicating that heightened market activity will generate substantial revenue for the firm.
- Annual Expense Outlook: For the full year 2026, GAAP operating expenses are now expected to be in the range of $5.095B to $5.145B, up from the previous estimate of $5.010B to $5.075B, suggesting a positive business outlook despite market fluctuations.
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- Inventory Recovery: Housing inventory rose 8% year-over-year in March, yet remains 11% below typical levels from 2017-2019, with 40% of markets at or above pre-pandemic supply, primarily in the Mountain West and parts of the South.
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