by Bill McBride on 12/24/2015 11:06:00 AM
Thursday, December 24, 2015
Black Knight's First Look at November Mortgage Data, "Fewer than 700,000 Active Foreclosures Remain"
From Black Knight: Black Knight Financial Services’ “First Look” at November 2015 Mortgage Data, Foreclosure Starts Hit Nine-Year Low; Fewer than 700,000 Active Foreclosures Remain
According to Black Knight's First Look report for November, the percent of loans delinquent increased 3% in November compared to October, and declined 18.3% year-over-year.
The percent of loans in the foreclosure process declined 3% in November and were down 21% 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 4.92% in November, up seasonally from 4.77% in October.
The percent of loans in the foreclosure process declined in November to 1.38%.
The number of delinquent properties, but not in foreclosure, is down 546,000 properties year-over-year, and the number of properties in the foreclosure process is down 185,000 properties year-over-year.
Black Knight will release the complete mortgage monitor for November in early January.
|Black Knight: Percent Loans Delinquent and in Foreclosure Process|
|Number of properties:|
|Number of properties that are delinquent, but not in foreclosure:||2,491,000||2,415,000||3,037,000||3,252,000|
|Number of properties in foreclosure pre-sale inventory:||698,000||721,000||883,000||1,281,000|