2018 Ended with Record Low Delinquencies

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Posted To: MND NewsWire

The US ended 2018 with the lowest delinquency rate since at least the beginning of this century. Black Knight says the December rate of 3.88 percent is an increase of 4.71 percent from the previous month, which it terms a seasonal uptick, and is 17.55 percent lower than at the end of 2017. It is the lowest rate since Black Knight first tracked it in 2000. In all there were 2,013,000 mortgages that were 30 or more days past due at the end of December but were not yet in foreclosure. This is 88,000 more than were past due a month earlier but just shy of 400,000 fewer on an annual basis. Of non-current loans there were just over a half-million loans that were seriously delinquent, that is 90 or more days past due but not in foreclosure, 215,000 fewer than a year earlier. The number of foreclosure…(read more)

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