by Bill McBride on 1/22/2016 03:11:00 PM
Friday, January 22, 2016
From Black Knight: Black Knight Financial Services’ “First Look” at December 2015 Mortgage Data, 2015 Ends with 22 Percent Improvement in Foreclosure Inventory, 15 Percent Decline in Delinquencies
According to Black Knight's First Look report for December, the percent of loans delinquent decreased 3% in December compared to November, and declined 15% year-over-year.
The percent of loans in the foreclosure process declined 1% in December and were down 22% 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 4.78% in December, down from 4.92% in November.
The percent of loans in the foreclosure process declined in December to 1.37%.
The number of delinquent properties, but not in foreclosure, is down 425,000 properties year-over-year, and the number of properties in the foreclosure process is down 192,000 properties year-over-year.
Black Knight will release the complete mortgage monitor for December in early February.
|Black Knight: Percent Loans Delinquent and in Foreclosure Process|
|Number of properties:|
|Number of properties that are delinquent, but not in foreclosure:||2,408,000||2,491,000||2,833,000||3,252,000|
|Number of properties in foreclosure pre-sale inventory:||689,000||698,000||881,000||1,269,000|