Friday, October 23, 2015

Black Knight's First Look at September Mortgage Data

by Bill McBride on 10/23/2015 10:05:00 AM

From Black Knight: Black Knight Financial Services' First Look at September Mortgage Data: Delinquency Rate Rises for Second Consecutive Month, Now 4.9 Percent

According to Black Knight's First Look report for September, the percent of loans delinquent increased 1.7% in September compared to August, and declined 13.9% year-over-year.

The percent of loans in the foreclosure process declined 1.5% in September and were down 23% 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 4.87% in September.

The percent of loans in the foreclosure process declined in September to 1.46%.

The number of delinquent properties, but not in foreclosure, is down 392,000 properties year-over-year, and the number of properties in the foreclosure process is down 214,000 properties year-over-year.

Black Knight will release the complete mortgage monitor for September in early November.