Black Knight: Mortgage
Delinquency Rate Surges to 10-Month High
After holding below 6 percent since February, U.S. mortgage delinquencies came in above that threshold last month. Black Knight reports that the pace increased 12 percent from October, taking it to the highest point in 10 months. The company also noted, however, that foreclosure inventory continues to shrink and is now the smallest it has been since January 2008. Additionally, foreclosure starts are down on a monthly basis to the lowest volume since May 2006.
From "Black Knight: Mortgage Delinquency Rate Surges to 10-Month High"
Housing Wire (12/30/14) Swanson, Brena
After holding below 6 percent since February, U.S. mortgage delinquencies came in above that threshold last month. Black Knight reports that the pace increased 12 percent from October, taking it to the highest point in 10 months. The company also noted, however, that foreclosure inventory continues to shrink and is now the smallest it has been since January 2008. Additionally, foreclosure starts are down on a monthly basis to the lowest volume since May 2006.
From "Black Knight: Mortgage Delinquency Rate Surges to 10-Month High"
Housing Wire (12/30/14) Swanson, Brena
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