Black Knight: Delinquencies Roll Back to Pre-Recession Levels

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Posted To: MND NewsWire

Mortgage performance seems to be sliding past the metrics measuring the world prior to the 2008 housing crisis and is now setting new benchmarks for the 21 st Century. Black Knight, in its first look at June loan data, says some indicators of loan distress are the lowest since the end of the dot.com recession. The company says that June had the fewest foreclosure starts in 17 years, 43,000. The number represents a 3.12 percent decline since May and there were 23 percent fewer starts than during the same period in 2017. Loans in process of foreclosure, also known as the foreclosure inventory, continued to decline as well. The inventory fell below 300,000 for the first time in nearly 12 years. The inventory, 291,000 loans, represents 56 percent of all mortgaged homes, down 4.51 percent or 12000…(read more)

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