Black Knight Financial Services reported that their “first look” at August 2015 month-end mortgage performance statistics derived from its loan-level database, which represents approximately two-thirds of the overall market. According to their data:
- At 18%, August’s year-over-year decline in delinquency rate is the highest since May 2011
- Prepayment rate (single month mortality or SMM) continues decline; down 15% month-over-month
- Foreclosure starts rise to 80.5k in August driven by an increase in repeat foreclosure starts
- Reduced non-current rates observed in all 50 states over the past six months
Click here to read the full report, Despite Monthly Rise, Delinquency Rate Sees Largest 12-Month Decline in Four Years
