Foreclosure Starts Hit Lowest Level Since 2005

In their “first look” report for October 2016, Black Knight Financial Services is reporting that foreclosure starts have hit their lowest level since January 2005.  According to the report, October saw were 56,500 foreclosure starts (lowest in nearly 12 years) as well as a lower prepayment level than September.  Black Knight gathers its month-end mortgage performance statistics from its loan-level database representing the majority of the national mortgage market.

Click here to read the full report.