The delinquency rate (percentage of properties 30 days or more overdue but not in foreclosure) dropped by 16 percent year-over-year down to 4.71 percent, nearly reaching its lowest point since the crisis. That share of 4.71 delinquent properties represents about 2.39 million loans nationwide. The number of properties in foreclosure pre-sale inventory dropped by 24 percent year-over-year in July down to 711,000.
Read More »Home / Tag Archives: First Look at Mortgage Data (page 2)
Foreclosure Inventory Below Pre-Crisis Levels, But Still Three Times the ‘Normal’ Rate
Foreclosure starts totaled 79,000 in June, which was the second-lowest lowest post-crisis monthly total, according to Black Knight. The lowest post-crisis monthly foreclosure start volume of 73,500 occurred in April 2015. Foreclosure starts have totaled less than 100,000 every month since January 2014.
Read More »Mortgage Delinquencies Experience Seasonal Rise in April
Meanwhile, foreclosure inventory – the total number of mortgage loans in some state of foreclosure – continued its decline toward pre-crisis levels in April by falling 25.5 percent year-over-year down to 1.51 percent, about 764,000 properties. It is the lowest level for foreclosure inventory since January 2008 right at the beginning of the recessi
Read More »