by Calculated Risk on 9/25/2015 11:59:00 AM

From Black Knight: Black Knight Financial Services' First Look at August Mortgage Data: Despite Monthly Rise, Delinquency Rate Sees Largest 12-Month Decline in Four Years

According to Black Knight's First Look report for August, the percent of loans delinquent increased 2.5% in August compared to July, and declined 18.2% year-over-year.

The percent of loans in the foreclosure process declined 2% in August and were down 24% over the last year.

Black Knight reported the U.S. mortgage delinquency rate (loans 30 or more days past due, but not in foreclosure) was 4.83% in August, up from 4.71% in July.

The percent of loans in the foreclosure process declined in August to 1.37%.  This was the lowest level of foreclosure inventory since 2007.

The number of delinquent properties, but not in foreclosure, is down 548,000 properties year-over-year, and the number of properties in the foreclosure process is down 217,000 properties year-over-year.

Black Knight will release the complete mortgage monitor for August in early October.

Black Knight: Percent Loans Delinquent and in Foreclosure Process
	Aug 2015	July 2015	Aug 2014	Aug 2013
Delinquent	4.83%	4.71%	5.90%	6.20%
In Foreclosure	1.37%	1.40%	1.80%	2.66%
Number of properties:
Number of properties that are 30 or more, and less than 90 days past due, but not in foreclosure:	1,582,000	1,503,000	1,852000	1,836,000
Number of properties that are 90 or more days delinquent, but not in foreclosure:	865,000	886,000	1,143,000	1,288,000
Number of properties in foreclosure pre-sale inventory:	696,000	711,000	913,000	1,341,000
Total Properties	3,142,000	3,100,000	3,908,000	4,465,000