Mortgage Delinquencies Up 4.5% in October

According to the Black Knight’s First Look report for October, 2022, mortgage delinquencies were Up 4.5%, driven by a sharp 9.4% rise in 30-day delinquencies.  In addition they say foreclosure starts were initiated on 4% of existing serious delinquencies in October, up slightly from September but still less than half the rate seen in the years leading up to the pandemic.

Click here to read the full report at Black Knight.