Took the rear caliper out a pulled it apart.
Found this---
Oh dear. Yes - that would do it.
That is one of the two slider pins that allow the caliper to to move across - the pistons apply the pressure to the pad on the outside, the action of pressing the pistons out, moves the caliper outwards, pulling the pads onto the inside surface of the brake disc. The other slider pin is on the caliper bracket. The red parts are the slider pin on the bracket - pin and boot. The loose green parts are the pin that is cross threaded on your picture, and the much smaller boot that fits into the caliper bracket. Beware the diagrams that show torque values for that green slider pin - some of the Honda diagrams have this part labelled incorrectly. The correct torque is 27Nm. My manual specifies the torque as being 69Nm on the diagram - it seems that it has been confused with the caliper bracket stopper bolt. Torque it to 69Nm and you will likely strip the threads. Hmmm. I wonder.......
That slider pin in your photo appears to have been put in at an angle and is cross threaded. It is quite probable that the thread has been damaged. You certainly need a new slider pin.
If the threads in the caliper are damaged, I'm not sure what the alternatives are - get a helicoil or equivalent fitted perhaps ? I don't know enough about them to be able to say whether that would be a good solution in this situation. Normally that slider pin has a locking agent applied when it is put into place, and it hardly ever needs to be removed. It certainly doesn't need to be taken out to remove the brake calipers. The caliper and the bracket just pull apart when they are free of the brake disc. You may be able to get your slider pin to screw in correctly, but the thread will certainly have some signs of damage. Would you trust that thread on such a safety critical component ? I know that I wouldn't.
While your are ordering that, I would check out the rubber boots that fit into the holes in which the slider pins slide, and get those if necessary (quite likely I would imagine).
With that slider pin at that angle, the caliper would likely be twisting when the brakes are applied, and would certainly not slide as it should to release the brakes after application. There may be other signs of damage - into which Larry
@Igofar has carried out some extensive research - involving the retaining clip on the caliper bracket, the stopper bolt and the bracket itself.
Don't take my answer above as the complete solution to the problem - you need some additional information.
Just goes to show, hot back brakes are not always (or just) the SMC.
My favourite cause for dragging rear brake was due to me thinking it was a good idea to fit some old heatshield pads to the the front brake pads. I'll let you think about that one !