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.
Read More »Mississippi Leads in Both Non-Current, Serious Delinquent Mortgage Rates in November
Mississippi was the state with the highest percentage of non-current mortgages and serious delinquent mortgages in November, according to data released recently as part of Black Knight Financial Services' November 2014 “First Look” at mortgage data.
Read More »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.
Read More »Delinquent Loan Age in Judicial Foreclosure States Outpaces Non-Judicial State Totals
The age of delinquent loans for residential homes in various stages of foreclosure was significantly higher in judicial foreclosure states than in non-judicial states in October, according to Black Knight Financial Services' October 2014 Mortgage Monitor released Thursday.
Read More »Despite Continuing Decline, Underwater Borrowers Still Total Four Million
Despite the declining share of underwater mortgages as a percentage of all mortgages in the U.S., which has fallen below 8 percent, about four million borrowers are still underwater, according to Black Knight Financial Services' October 2014 Mortgage Monitor released today.
Read More »Mortgage Delinquency Rate Tumbles to Seven-Year Low in October
The nationwide mortgage delinquency rate in October fell to its lowest level in seven years, according to Black Knight Financial Services' "First Look" at October 2014 Mortgage Data released on Friday.
Read More »Repeat Foreclosure Percentage Increases to Tie All-Time High
The percentage of September's foreclosure starts that were repeat foreclosures rose by two percentage points month-over-month to account for 53 percent of foreclosure starts, tying the highest percentage for a single month, according to Black Knight Financial Services' September 2014 Mortgage Monitor.
Read More »Servicers, Regulators Partner to Create CFPB Complaint Tracking Report
Black Knight Financial Services (BKFS) is working to create a prototype of an industry-level report to provide detailed information on the consumer complaints the Consumer Financial Protection Bureau (CFPB) receives, promoting greater understanding for regulators and servicers.
Read More »Foreclosure Inventory, Delinquencies See Declines in September
In September, foreclosure inventory in the U.S. fell to its lowest level in more than six years while delinquencies also significantly declined, according to Black Knight Financial Services' "First Look" at September Mortgage Data released on Friday.
Read More »Report: Nearly Half of December 2013 Foreclosures Remained In August
Nearly half of the mortgages that were in foreclosure in December 2013 were still in foreclosure as of the end of August, according to the Black Knight Financial Services August Mortgage Monitor released earlier in the week.
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