In a recent overview of the mortgage market, the Intercontinental Exchange, Inc. (ICE) revealed a nationwide trend towards improved mortgage performance in February. The report underscores a decrease in delinquencies and foreclosures, coupled with a modest uptick in prepayment activities.
February saw the national delinquency rate dip to 3.34%, a slight decrease from the previous month and a notable improvement from the same period last year. This improvement is seen across the board, with both short-term and serious delinquencies dropping to their lowest levels in three months, despite a slight uptick in the number of borrowers falling behind by one payment.
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