Black Knight is reporting that after rising sharply in September, mortgage delinquencies fell by 8.2% in October and are now down by nearly 18% year-over-year. Their October “first look” report also says serious delinquencies (90 or more days past due) have hit a 12-year low and are down 90k from one year ago. In addition, the number of loans in active foreclosure fell slightly from September and has decreased by 24% from last year. 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.
