According to Black Knight’s “first look” report for March, 2022, the national delinquency rate dropped by more than half a percentage point in March, falling to 2.84% and shattering the previous record low of 3.22% in January 2020. Interestingly, Black Knight says that while serious delinquencies (90+ past due but not in foreclosure) fell 12% for the strongest single-month improvement in 20 years, they remain 70% above their pre-pandemic levels. Indeed…
“Robust employment, continued student loan deferrals, strong post-forbearance performance and millions of refinances into record-low interest rates have all helped put downward pressure on delinquency rates.”
Click here to read the full report at Black Knight.
