This week Black Knight Financial Services released their April 2016 “First Look” report containing performance statistics derived from its loan-level database representing the majority of the national mortgage market.
Key takeaways:
- At 58,700 April saw the lowest number of foreclosure starts since April 2006
- National delinquency rate is up from a 9-year low in March, but still 10 percent below last year’s level
- Active foreclosure inventory has now dropped below 600,000 for the first time since 2007
