Black Knight’s “first look” report for March, 2019 says that there were just over 39k foreclosure starts, marking the lowest single-month volume in over 18 years. In addition, they also reported that prepayment activity increased by 28% month-over-month (the largest single-month increase in 2.5 years), the national delinquency rate fell by 5.3%, and outstanding 90-day delinquencies have fallen below 500k for the first time in over 12 years. Black Knight derives its data from their loan-level database representing the majority of the national mortgage market.
Click here to read the full report at Black Knight.
