by Bill McBride on 1/23/2017 10:11:00 AM
Monday, January 23, 2017
From Black Knight: Black Knight Financial Services’ First Look at December 2016 Mortgage Data
• The inventory of loans in active foreclosure nationwide declined by more than 200,000 in 2016According to Black Knight's First Look report for December, the percent of loans delinquent decreased 0.9% in December compared to November, and declined 7.5% year-over-year.
• Delinquencies were down 0.91 percent from November 2016 and 7.5 percent from December 2015
• December’s 59,700 foreclosure starts represented a 24 percent decline from the same time last year
• Pre-payment activity continues to slow, down 5.5 percent from November
The percent of loans in the foreclosure process declined 3.3% in December and were down 30.5% 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 4.42% in December, down from 4.46% in November.
The percent of loans in the foreclosure process declined in December to 0.95%.
The number of delinquent properties, but not in foreclosure, is down 286,000 properties year-over-year, and the number of properties in the foreclosure process is down 206,000 properties year-over-year.
Black Knight will release the complete mortgage monitor for December by February 6th.
|Black Knight: Percent Loans Delinquent and in Foreclosure Process|
|Number of properties:|
|Number of properties that are delinquent, but not in foreclosure:||2,248,000||2,263,000||2,408,000||2,833,000|
|Number of properties in foreclosure pre-sale inventory:||483,000||498,000||689,000||881,000|
Posted by Bill McBride on 1/23/2017 10:11:00 AM