by Calculated Risk on 1/23/2015 07:01:00 AM

According to Black Knight's First Look report for December, the percent of loans delinquent decreased 7% in December compared to November, and declined 13% year-over-year.

The percent of loans in the foreclosure process declined further in December and were down about 35% 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 5.64% in December, down from 6.08% in November.  The normal rate for delinquencies is around 4.5% to 5%.

The percent of loans in the foreclosure process declined to 1.61% in December from 1.63% in November.

The number of delinquent properties, but not in foreclosure, is down 375,000 properties year-over-year, and the number of properties in the foreclosure process is down 424,000 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
	Dec 2014	Nov 2014	Dec 2013	Dec 2012
Delinquent	5.64%	6.08%	6.47%	7.17%
In Foreclosure	1.61%	1.63%	2.48%	3.44%
Number of properties:
Number of properties that are 30 or more, and less than 90 days past due, but not in foreclosure:	1,736,000	1,925,000	1,964,000	2,031,000
Number of properties that are 90 or more days delinquent, but not in foreclosure:	1,132,000	1,163,000	1,280,000	1,545,000
Number of properties in foreclosure pre-sale inventory:	820,000	829,000	1,244,000	1,716,000
Total Properties	3,688,000	3,917,000	4,488,000	5,292,000