According to Black Knight’s “first look” report for August, 2020, an improvement in early-stage delinquencies was offset by a 5% increase in serious delinquencies (those 90+ days past due) which have now risen in each of the past five months. Black Knight says that overall, the national delinquency rate fell just 0.03 basis points from July after declining a combined 0.85 basis points over the prior two months, which they say is a “noticeable slowing in the rate of improvement.” In addition, they point out that there are nearly 2 million more seriously delinquent homeowners than at pre-pandemic levels, however foreclosure activity remains muted due to active forbearance plans and foreclosure moratoriums. Indeed…
Click here to read the full report at Black Knight.
