by Calculated Risk on 6/24/2015 01:11:00 PM

According to Black Knight's First Look report for May, the percent of loans delinquent increased 4% in May compared to April, and declined 12% year-over-year.

The percent of loans in the foreclosure process declined 2% in May 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 4.96% in May, up from 4.77% in April.

The percent of loans in the foreclosure process declined in May to 1.49%.  This was the lowest level of foreclosure inventory since January 2008.

The number of delinquent properties, but not in foreclosure, is down 326,000 properties year-over-year, and the number of properties in the foreclosure process is down 212,000 properties year-over-year.

Black Knight will release the complete mortgage monitor for May in early July.

Black Knight: Percent Loans Delinquent and in Foreclosure Process
	May 2015	Apr 2015	May 2014	May 2013
Delinquent	4.96%	4.70%	5.62%	6.08%
In Foreclosure	1.49%	1.55%	1.91%	3.05%
Number of properties:
Number of properties that are 30 or more, and less than 90 days past due, but not in foreclosure:	1,591,000	1,463,000	1,670,000	1,708,000
Number of properties that are 90 or more days delinquent, but not in foreclosure:	922,000	952,000	1,169,000	1,335,000
Number of properties in foreclosure pre-sale inventory:	754,000	764,000	966,000	1,525,000
Total Properties	3,268,000	3,179,000	3,805,000	4,569,000