by Calculated Risk on 8/24/2015 07:01:00 AM

From Black Knight: Black Knight Financial Services' First Look at July Mortgage Data: Foreclosure Inventory Down 24 Percent Year-Over-Year; Lowest Level Since 2007

According to Black Knight's First Look report for July, the percent of loans delinquent decreased 2% in July compared to June, and declined 16.5% year-over-year.

The percent of loans in the foreclosure process declined 4% in July and were down 24% 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 4.71% in July, down from 4.82% in June.

The percent of loans in the foreclosure process declined in July to 1.40%.  This was the lowest level of foreclosure inventory since 2007.

The number of delinquent properties, but not in foreclosure, is down 460,000 properties year-over-year, and the number of properties in the foreclosure process is down 224,000 properties year-over-year.

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

Black Knight: Percent Loans Delinquent and in Foreclosure Process
	July 2015	June 2015	July 2014	July 2013
Delinquent	4.71%	4.82%	5.64%	6.41%
In Foreclosure	1.40%	1.46%	1.85%	2.82%
Number of properties:
Number of properties that are 30 or more, and less than 90 days past due, but not in foreclosure:	1,503,000	1,549,000	1,713000	1,846,000
Number of properties that are 90 or more days delinquent, but not in foreclosure:	886,000	895,000	1,136,000	1,347,000
Number of properties in foreclosure pre-sale inventory:	711,000	739,000	935,000	1,406,000
Total Properties	3,100,000	3,183,000	3,785,000	4,599,000