According to Black Knight’s latest Mortgage Monitor, the total U.S. loan delinquency rate (loans 30 days+ past due but not in foreclosure) as at 3.10% in May, down 6.25% from April and down 2.62% year over year. In addition, the number of borrowers a single payment past due improved by 94K (-9.5%), erasing nearly half of the prior month’s increase.
Click here to read the full report at Black Knight.
