Black Knight Financial Services is reporting the their “first look” at September 2015 month-end mortgage performance statistics derived from its loan-level database which represents a majority of the national mortgage market.
- Delinquency rate up 1.7% in September, still 14% below last year’s level
- Overall non-current inventory (all loans 30 or more days past due or in foreclosure) now 3.2 million
- Despite delinquency rate rise, 90-day delinquent and foreclosure inventories continue to improve
- Prepayment activity (single month mortality rate) continues to slow; down to 1.07% in September