According to Black Knight’s latest Mortgage First Look the national delinquency rate was 3.57% in December, up 19 bps from December. In addition, they say that foreclosures are approaching two-year lows.
Some key points:
- Serious delinquencies (90+ days past due) rose to 475K, but were 19% below December 2022.
- December’s 24K foreclosure starts marked an 18-month low in new activity.
- Foreclosure sales (completions) in December were down -17.2% from November and the fewest since February 2022 – shortly after the end of COVID-era moratoria.
Click here to read the full report at Black Knight.
