Black Knight: Mortgage Delinquencies Down 18% Year-Over-Year

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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.

 

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Director of Education & Outreach, National Real Estate Investors Association

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