“Nevertheless, we’re seeing indicators of stress beneath the floor and a few indication that debtors who fall behind are struggling to catch up, progressing into later phases of delinquency,” she added. “That is significantly evident on the metro stage, the place the share of areas with rising general delinquencies declined from 70% in September 2024 to 48% in September 2025.
“But, the share with rising foreclosures charges jumped from 8% to 39% over the identical interval. These developments counsel rising challenges for debtors as soon as they change into delinquent.”
September 2025 delinquency charges break down as follows:
- Early-stage (30 to 59 days overdue): 1.6%, unchanged from September 2024
- Hostile (60 to 89 days overdue): 0.5%, unchanged
- Critical (90-plus days overdue, together with foreclosures): 1%, up from 0.9%
The transition fee, which measures loans transferring from present to 30 days overdue, fell to 0.7%, down from 0.8% a yr earlier.
In September 2025, 18 states noticed year-over-year will increase in general mortgage delinquencies, led by Arizona, Nevada and Georgia, every up 0.2 share factors. Different states noticed modifications between -0.2 and 0.1 factors.
Among the many 384 metro areas analyzed, 186 posted increased general delinquency charges, with Odessa, Texas, up 1.3 factors and San Angelo, Texas, up 1 level.
Critical delinquencies rose in 174 metros, led by San Angelo and Odessa; Lakeland-Winter Haven, Florida; Cape Coral-Fort Myers, Florida; and Lima, Ohio.
