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Tag Archives: Black Knight Financial Services

Foreclosure Starts Reach 12-Month High; Completions Falling

Foreclosure starts reached their highest level in a year in January, but foreclosure completions are falling faster than the seriously delinquent loan rate – resulting in an across the board increase in foreclosure pipeline ratios, according to Black Knight Financial Services' January 2015 Mortgage Monitor released Monday.

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Foreclosure Inventory Down Despite Rise in Starts

Foreclosure inventory was way down nationwide year-over-year in January despite a 5.5 percent month-over-month increase in foreclosure starts, according to Black Knight Financial Services' First Look at January Mortgage Data. Foreclosure starts totaled 94,300 for January, which was the highest number since December 2013. January's total was a 5.5 percent increase from December and a slight increase of 0.2 percent from January 2014.

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REO Liquidations Continue to Top Short Sales for Higher Share of UPB Recovery

REO liquidations have amassed a higher share of gross unpaid balance (UPB) recovery than short sales since the fourth quarter of 2012, reversing a crisis-years trend, according to Black Knight Financial Services' December 2014 Mortgage Monitor released Monday. As of the end of October 2014, REO sales prices accounted for 71 percent of the corresponding loans' defaulted UPBs, compared to 65 percent for short sales prices, largely due to home price appreciation, according to Black Knight.

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Mississippi Has Highest Delinquent Mortgage Rate Again

Just as it did in November, Mississippi led all states with the highest percentage of non-current mortgages and serious delinquent mortgages in December, according to data released recently as part of Black Knight Financial Services' December 2014 “First Look” at mortgage data released Friday.

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Delinquency Rate Tumbles in December, Reversing November’s Large Increase

Just one month after experiencing the largest monthly increase in six years, the nation's mortgage delinquency rate took a big tumble in December, according to Black Knight Financial Services' December 2014 "First Look" at Mortgage Data released Friday. The mortgage delinquency rate, or the number of mortgage loans that are 30 days or more past due but not in foreclosure, dropped down to 5.6 percent for December – a decline of 7.2 percent from November and 12.7 percent from December 2013.

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Recent HAMP Loan Mods Re-Defaulting At Higher Rates

Loan modifications facilitated through the government's Home Affordable Mortgage Program (HAMP) have historically re-defaulted at a lower rate than proprietary loan modifications, but HAMP mods facilitated in 2014 began re-defaulting at a higher rate than those modified in the two previous years, according to Black Knight Financial Services' November 2014 Mortgage Monitor released on Monday.

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Foreclosures Falling, But Delinquency Rate Climbing

The nation's foreclosure inventory fell to its lowest level in almost seven years in November, but the percentage of delinquent mortgage loans is on the rise, according to Black Knight Financial Services' November 2014 "First Look" at Mortgage Data.

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