by Bill McBride on 2/02/2015 07:01:00 AM
Monday, February 02, 2015
Black Knight Financial Services (BKFS) released their Mortgage Monitor report for December today. According to BKFS, 5.64% of mortgages were delinquent in December, down from 6.08% in November. BKFS reported that 1.61% of mortgages were in the foreclosure process, down from 2.48% in December 2013.
This gives a total of 7.25% delinquent or in foreclosure. It breaks down as:
• 1,736,000 properties that are 30 or more days, and less than 90 days past due, but not in foreclosure.
• 1,132,000 properties that are 90 or more days delinquent, but not in foreclosure.
• 820,000 loans in foreclosure process.
For a total of 3,688,000 loans delinquent or in foreclosure in December. This is down from 4,488,000 in December 2013.
There is much more in the mortgage monitor.