by Calculated Risk on 7/24/2018 08:39:00 AM
Tuesday, July 24, 2018
• Foreclosure starts fell another 3.1 percent in June for the lowest single-month total in more than 17 yearsAccording to Black Knight's First Look report for June, the percent of loans delinquent increased 2.7% in June compared to May, and decreased 1.6% year-over-year.
• Active foreclosures continued to decline as well, falling below 300,000 for the first time in nearly 12 years
• The inventory of loans in active foreclosure has fallen 30 percent (-119k) over the past 12 months
• Delinquencies edged seasonally upward in June, but remain 1.59 percent below last year’s levels
• After rising following the 2017 hurricane season, 90-day delinquencies hit a new post-recession low
The percent of loans in the foreclosure process decreased 4.5% in June and were down 30.0% 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 3.74% in June, up from 3.64% in May.
The percent of loans in the foreclosure process decreased in June to 0.56%.
The number of delinquent properties, but not in foreclosure, is down 7,000 properties year-over-year, and the number of properties in the foreclosure process is down 119,000 properties year-over-year.
|Black Knight: Percent Loans Delinquent and in Foreclosure Process|
|Number of properties:|
|Number of properties that are delinquent, but not in foreclosure:||1,925,000||1,867,000||1,932,000||2,178,000|
|Number of properties in foreclosure pre-sale inventory:||291,000||303,000||410,000||558,000|
Posted by Calculated Risk on 7/24/2018 08:39:00 AM