12:26 PM » Black Knight's First Look at August: Mortgage "Delinquency Rate Sees Largest 12-Month Decline in Four Years"
From Black Knight: Black Knight Financial Services' First Look at August Mortgage Data: Despite Monthly Rise, Delinquency Rate Sees Largest 12-Month Decline in Four Years According to Black Knight's First Look report for August, the percent of loans delinquent increased 2.5% in August compared to July, and declined 18.2% year-over-year. The percent of loans in the foreclosure process declined 2% in August 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 4.83% in August, up from 4.71% in July. The percent of loans in the foreclosure process declined in August to 1.37%. This was the lowest level of foreclosure inventory since 2007. The number of delinquent properties, but not in foreclosure, is down 548,000 properties year-over-year, and the number of properties in the foreclosure process is down 217,000 properties year-over-year. Black Knight will release the complete mortgage monitor for August in early October. Black Knight: Percent Loans Delinquent and in Foreclosure Process Aug 2015 July 2015 Aug 2014 Aug 2013 Delinquent 4.83% 4.71% 5.90% 6.20% In Foreclosure 1.37% 1.40% 1.80% 2.66% Number of properties: Number of properties that are 30 or more, and less than 90 days past due, but not in foreclosure: 1,582,000 1,503,000 1,852000 1,836,000 Number of properties that are 90 or more days delinquent, but not in foreclosure: 865,000 886,000 1,143,000 1,288,000 Number of properties in foreclosure pre-sale inventory: 696,000 711,000 913,000 1,341,000 Total Properties 3,142,000 3,100,000 3,908,000 4,465,000