Latest news with #FirstLook
Business Wire
23-05-2025
- Business
- Business Wire
ICE First Look at Mortgage Performance: Foreclosure Activity Edges Higher Following Recent Record Lows
ATLANTA & NEW YORK--(BUSINESS WIRE)--Intercontinental Exchange, Inc. (NYSE:ICE), a leading global provider of technology and data, today released its April 2025 First Look, which shows U.S. Department of Veterans Affairs (VA) mortgages progressing through the foreclosure pipeline following the recent moratorium expiration. The ICE First Look reports on month-end delinquency, foreclosure and prepayment statistics sourced from its loan-level database, which covers a majority of the U.S. mortgage market. Key takeaways from this month's findings include: The national delinquency rate ticked up 1 basis point (bp) to 3.22% in April and is up a modest 13 bps (4.1%) from the same time last year. Still, delinquencies remain below pre-pandemic levels. Serious delinquencies – loans 90+ days past due but not in foreclosure – improved seasonally but rose 14% from April 2024 marking the sixth consecutive month of 10%+ annual increases. While foreclosure activity remains muted, foreclosure starts (+13%), sales (+9%), and active inventory (+4%) all rose on an annual basis for the second consecutive month. April's 6,500 foreclosure sales marked the largest single-month volume in 15 months, with VA sales, which account for the bulk of the recent rise, hitting their highest level since 2019. Prepayment activity, measured in single month mortality, jumped to 0.71%, the highest level since October. This rise was driven by stronger home sale and refinance-related prepayments, which grew +19.0% over the previous month and +34.9% over the previous year. Data as of Apr. 30, 2025 Total U.S. loan delinquency rate (loans 30 or more days past due, but not in foreclosure): 3.22% Month-over-month change: 0.28% Year-over-year change: 4.10% Total U.S. foreclosure pre-sale inventory rate: 0.38% Month-over-month change: -1.71% Year-over-year change: 3.74% Total U.S. foreclosure starts: 29,000 Month-over-month change -12.38% Year-over-year change: 12.96% Monthly prepayment rate (SMM): 0.71% Month-over-month change: 19.01% Year-over-year change: 34.92% Foreclosure sales: 6,500 Month-over-month change: 6.42% Year-over-year change: 9.43% Number of properties that are 30 or more days past due, but not in foreclosure: 1,752,000 Month-over-month change: 8,000 Year-over-year change: 94,000 Number of properties that are 90 or more days past due, but not in foreclosure: 476,000 Month-over-month change: -18,000 Year-over-year change: 59,000 Number of properties in foreclosure pre-sale inventory: 209,000 Month-over-month change: -3,000 Year-over-year change: 11,000 Number of properties that are 30 or more days past due or in foreclosure: 1,961,000 Month-over-month change: 5,000 Year-over-year change: 105,000 Top 5 States by Non-Current* Percentage Louisiana: 7.60% Mississippi: 7.37% Alabama: 5.53% Indiana: 5.01% Arkansas: 4.98% Expand Bottom 5 States by Non-Current* Percentage Oregon: 2.19% Montana: 2.08% Idaho: 2.02% Colorado: 2.00% Washington: 1.94% Expand Top 5 States by 90+ Days Delinquent Percentage Mississippi: 1.93% Louisiana: 1.93% Alabama: 1.49% Florida: 1.30% Georgia: 1.30% Expand Top 5 States by 12-Month Change in Non-Current* Percentage New York: -9.09% Hawaii: -6.47% Maine: -6.19% Wyoming: -4.92% North Dakota: -3.39% Expand Bottom 5 States by 12-Month Change in Non-Current* Percentage Florida: 12.13% Colorado: 10.90% Arizona: 8.58% Georgia: 8.58% Michigan: 8.01% Expand *Non-current totals combine foreclosures and delinquencies as a percent of active loans in that state. Notes: 1) Totals are extrapolated based on ICE's loan-level database of mortgage assets. 2) All whole numbers are rounded to the nearest thousand, except foreclosure starts and sales, which are rounded to the nearest hundred. Expand The company will provide a more in-depth review of this data in its monthly Mortgage Monitor report, which includes an analysis of data supplemented by detailed charts and graphs that reflect trend and point-in-time observations. The Mortgage Monitor report will be available online at on June 2, 2025. For more information about gaining access to ICE's loan-level database, please send an email to ICE-MortgageMonitor@ About the ICE First Look ICE maintains the nation's leading repository of loan-level residential mortgage data and performance information – which covers the majority of the U.S. market – including tens of millions of loans across the spectrum of credit products and more than 230 million historical records. In addition, the company maintains a robust public property records databases that covers 99.9% of the U.S. population and households from more than 3,100 counties. ICE's research experts carefully analyze this data to produce the First Look, a monthly summary of month-end delinquency, foreclosure and prepayment statistics. About Intercontinental Exchange Intercontinental Exchange, Inc. (NYSE: ICE) is a Fortune 500 company that designs, builds and operates digital networks that connect people to opportunity. We provide financial technology and data services across major asset classes helping our customers access mission-critical workflow tools that increase transparency and efficiency. ICE's futures, equity, and options exchanges – including the New York Stock Exchange – and clearing houses help people invest, raise capital and manage risk. We offer some of the world's largest markets to trade and clear energy and environmental products. Our fixed income, data services and execution capabilities provide information, analytics and platforms that help our customers streamline processes and capitalize on opportunities. At ICE Mortgage Technology, we are transforming U.S. housing finance, from initial consumer engagement through loan production, closing, registration and the long-term servicing relationship. Together, ICE transforms, streamlines and automates industries to connect our customers to opportunity. Trademarks of ICE and/or its affiliates include Intercontinental Exchange, ICE, ICE block design, NYSE and New York Stock Exchange. Information regarding additional trademarks and intellectual property rights of Intercontinental Exchange, Inc. and/or its affiliates is located here. Key Information Documents for certain products covered by the EU Packaged Retail and Insurance-based Investment Products Regulation can be accessed on the relevant exchange website under the heading 'Key Information Documents (KIDS).' Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 – Statements in this press release regarding ICE's business that are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see ICE's Securities and Exchange Commission (SEC) filings, including, but not limited to, the risk factors ICE's Annual Report on Form 10-K for the year ended December 31, 2024, as filed with the SEC on February 6, 2025. Category: Mortgage Technology ICE-CORP Source: Intercontinental Exchange
Yahoo
24-04-2025
- Business
- Yahoo
ICE First Look at Mortgage Performance: Delinquencies Improved Seasonally in March but Continue to Trend Modestly Higher
ATLANTA & NEW YORK, April 24, 2025--(BUSINESS WIRE)--Intercontinental Exchange, Inc. (NYSE:ICE), a leading global provider of technology and data, today released its March 2025 First Look, which reveals that while delinquency rates edged up slightly year over year (YoY), they remain below pre-pandemic levels. The ICE First Look reports on month-end delinquency, foreclosure and prepayment statistics sourced from its loan-level database, which covers a majority of the U.S. mortgage market. Key takeaways from this month's findings include: The national delinquency rate decreased seasonally by -32 basis points (bps) to 3.21%, up 1 bps from the same time last year and only 29 bps above the 2.92% record low set in March 2023. While serious delinquencies (SDQs) also improved seasonally, they are up 14% (+60K) YoY, with the rise driven entirely by FHA delinquencies, which increased by +63K YoY. Higher SDQs, along with the lifting of a VA foreclosure moratorium, fueled a modest bump in foreclosure inventory and sales, which both rose annually for the first time in nearly two years. Disaster events, such as hurricanes and wildfires, have led to YoY delinquency increases across several states, including Florida (+44 bps), South Carolina (+17 bps), Georgia (+14 bps) and California (+10 bps). Monthly prepayment activity, measured by single-month mortality, jumped to 0.59% – a +30.4% increase over February and the highest level of prepayment activity since November. Data as of Mar. 31, 2025Total U.S. loan delinquency rate (loans 30 or more days past due, but not in foreclosure): 3.21%Month-over-month change: -8.94%Year-over-year change: 0.41% Total U.S. foreclosure pre-sale inventory rate: 0.39%Month-over-month change: 0.81%Year-over-year change: 2.05% Total U.S. foreclosure starts: 33,000Month-over-month change 0.05%Year-over-year change: 27.84% Monthly prepayment rate (SMM): 0.59%Month-over-month change: 30.35%Year-over-year change: 22.88% Foreclosure sales: 6,100Month-over-month change: 8.89Year-over-year change: 4.42% Number of properties that are 30 or more days past due, but not in foreclosure: 1,744,000Month-over-month change: -169,000Year-over-year change: 33,000 Number of properties that are 90 or more days past due, but not in foreclosure: 495,000Month-over-month change: -33,000Year-over-year change: 60,000 Number of properties in foreclosure pre-sale inventory: 213,000Month-over-month change: 2,000Year-over-year change: 7,000 Number of properties that are 30 or more days past due or in foreclosure: 1,957,000Month-over-month change: -167,000Year-over-year change: 40,000 Top 5 States by Non-Current* Percentage Louisiana: 7.52% Mississippi: 7.27% Alabama: 5.56% Indiana: 5.00% Arkansas: 4.90% Bottom 5 States by Non-Current* Percentage Oregon: 2.21% Montana: 2.12% Colorado: 2.01% Idaho: 1.42% Washington: 1.37% Top 5 States by 90+ Days Delinquent Percentage Louisiana: 2.02% Mississippi: 2.02% Alabama: 1.51% Florida: 1.57% Georgia: 1.47% Top 5 States by 12-Month Change in Non-Current* Percentage New York: -13.46% North Dakota: -9.39% Hawaii: -9.20% Rhode Island: -7.17% Massachusetts: -5.89% Bottom 5 States by 12-Month Change in Non-Current* Percentage Florida: 10.36% Colorado: 6.70% California: 4.98% Arizona: 4.58% Delaware: 3.98% *Non-current totals combine foreclosures and delinquencies as a percent of active loans in that state. Notes: 1) Totals are extrapolated based on ICE's loan-level database of mortgage assets. 2) All whole numbers are rounded to the nearest thousand, except foreclosure starts and sales, which are rounded to the nearest hundred. The company will provide a more in-depth review of this data in its monthly Mortgage Monitor report, which includes an analysis of data supplemented by detailed charts and graphs that reflect trend and point-in-time observations. The Mortgage Monitor report will be available online at by May 5, 2025. For more information about gaining access to ICE's loan-level database, please send an email to ICE-MortgageMonitor@ About Intercontinental Exchange Intercontinental Exchange, Inc. (NYSE: ICE) is a Fortune 500 company that designs, builds and operates digital networks that connect people to opportunity. We provide financial technology and data services across major asset classes helping our customers access mission-critical workflow tools that increase transparency and efficiency. ICE's futures, equity, and options exchanges – including the New York Stock Exchange – and clearing houses help people invest, raise capital and manage risk. We offer some of the world's largest markets to trade and clear energy and environmental products. Our fixed income, data services and execution capabilities provide information, analytics and platforms that help our customers streamline processes and capitalize on opportunities. At ICE Mortgage Technology, we are transforming U.S. housing finance, from initial consumer engagement through loan production, closing, registration and the long-term servicing relationship. Together, ICE transforms, streamlines and automates industries to connect our customers to opportunity. Trademarks of ICE and/or its affiliates include Intercontinental Exchange, ICE, ICE block design, NYSE and New York Stock Exchange. Information regarding additional trademarks and intellectual property rights of Intercontinental Exchange, Inc. and/or its affiliates is located here. Key Information Documents for certain products covered by the EU Packaged Retail and Insurance-based Investment Products Regulation can be accessed on the relevant exchange website under the heading "Key Information Documents (KIDS)." Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 – Statements in this press release regarding ICE's business that are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see ICE's Securities and Exchange Commission (SEC) filings, including, but not limited to, the risk factors ICE's Annual Report on Form 10-K for the year ended December 31, 2024, as filed with the SEC on February 6, 2025. Category: Mortgage Technology ICE-CORP Source: Intercontinental Exchange View source version on Contacts ICE Media Contact Johnna +1 404-798-1155 media@ ICE Investor Contact: Katia +1 (678) 981-3882 investors@ Sign in to access your portfolio
Yahoo
14-02-2025
- Entertainment
- Yahoo
Canada Focus Unveiled for Locarno Pro's First Look Initiative
First Look, the works-in-progress initiative of the Locarno Film Festival's Locarno Pro program, will put the spotlight on Canadian cinema this year. First Look has emerged as a key post-production platform for international arthouse projects. Over the years, it has supported films from such countries as Spain, the U.K., Colombia, Mexico, Chile, Brazil, Israel, Poland, the Baltic states, Portugal, Serbia, Switzerland, and Germany. Its 14th edition, in collaboration with Telefilm Canada, will take place during the 78th Locarno Film Festival, which runs Aug. 6-16. Taking place Aug. 8-10, First Look will showcase six Canadian films currently in post-production. The selected projects will be presented by their producers to an audience of global industry professionals, including sales agents, buyers, festival programmers, and representatives from post-production funding organizations. Producers will also have the opportunity to feature their projects in the festival's Online Digital Library, accessible exclusively for accredited industry participants. More from The Hollywood Reporter Wild, Weird and Bloody: The Berlinale Shines a Light on Forgotten German Genre Films of the '70s Berlin: Shark-Meets-Serial Killer Movie 'Dangerous Animals' Sells Wide (Exclusive) Kahlil Joseph Brings 'BLKNWS' to Berlin: "It's Always Been in Flux - It Was Never Meant to Be Static" 'This year's focus highlights Canada's rich tradition of cinematic excellence and its long-standing connection with the Locarno Film Festival,' organizers said. 'Last year alone featured three Canadian productions in the festival's Pardi di Domani strand. They were Gender Reveal by Mo Matton, Like What Would Sorrow Look (Chou He Zhuang) by Hao Zhou, and Days Before the Death of Nicky (Jours avant la mort de Nicky) by Denis Côté. In 2023, Quebec screenwriter, actor and director Eric K. Boulianne received the Pardi di Domani best direction award for Making Babies (Faire un enfant), plus the festival welcomed Canadian filmmaker Matthew Rankin as part of the Pardi di Domani jury. 'It is absolutely thrilling to dedicate this year's First Look to Canadian film productions,' said Giona A. Nazzaro, artistic director of the Locarno Film Festival. 'This is something we have been working on for quite some time now; more and more Canadian filmmakers are on the cutting edge in their formal explorations of the possibilities of media. Locarno has always been close to Canadian artists and I'm sure that this First Look will open the doors to a whole new generation and perception of Canadian filmmaking in all its rich diversity of tradition and languages and forms.' Markus Duffner, director of Locarno Pro, added: 'This initiative remains a cornerstone of our mission to support the final stages of promising films and help propel the international careers of emerging filmmakers forward. Our enduring collaboration with Telefilm Canada reinforces our commitment to helping Canadian production companies make a meaningful impact on the global stage.' Julie Roy, executive director and CEO of Telefilm Canada, said about the First Look focus on Canada: 'Our country has a prime opportunity to showcase and export its bold storytelling and artistic innovation on the global stage at Locarno Film Festival. We rely on the strength of our relationships with film festivals like Locarno to spotlight Canadian talent and their films for international advantages while expanding collaborations and creating new opportunities.' Producers can apply through Locarno Pro until April 19. To be eligible for selection, they must provide a rough cut of at least 60 minutes at any stage in the post-production process. The principal production company for the film must be Canadian. As is tradition, a jury of international festival directors and curators will award several prizes. The selection, along with the jury members, will be unveiled in July. Best of The Hollywood Reporter The Best Anti-Fascist Films of All Time Dinosaurs, Zombies and More 'Wicked': The Most Anticipated Movies of 2025 From 'A Complete Unknown' to 'Selena' to 'Ray': 33 Notable Music Biopics
