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The headline is comforting – “foreclosure inventory down 33% from a year ago.. The rate of seriously delinquent loans is at a 7-year low. the number of foreclosures nationwide decreased year over year from 51,000 in May 2014 to.. in total properties from 2007 and a 225 percent increase in total properties from 2006.
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Black Knight’s First Look: mortgage delinquencies buck Upward Seasonal Trend in April, Fall to Second Lowest Point in 12 Years [May 23, 2018] Historically, mortgage delinquencies have risen 85 percent of the time in April; this month they declined 1.6 percent – about equal to the size of their average usual increase
Black Knight explained three factors contributed to the increase in mortgage. June foreclosure starts plummet to lowest level in nearly 2 decades. Foreclosure filing activity down nationwide. strong economic performance drives down delinquency; foreclosure inventory rate lowest since 2006. May 17. August 24, 2017.
Foreclosure inventory is down nationwide, but the delinquency rate is up, according to Black Knight Financial Services’ “First Look” at August Mortgage Data released on September 25. Foreclosure starts declined by 10 percent from July to August and by 24 percent from August 2013 to August 2014, according to Black Knight.
In August 2006, Barron's magazine warned, "a housing crisis approaches", and noted that the median price of new homes dropped almost 3% since January.
The national composite posted 1.04% in May – the lowest default rate since May 2006, according to the report. The default rate on first mortgages continued to decline, from 1.01% in April to 0.92.
The national foreclosure inventory. homes with a mortgage compared with 676,000 homes, or 1.7%, in May 2014. This is the lowest foreclosure rate since December 2007. CoreLogic also reports that the.
Black Knight says it was the lowest foreclosure inventory rate since late 2006. There were about 52,100 foreclosure starts in March, an increase of 11.56% compared with the previous month but down 13.60% compared with a year earlier. Most of the month-over-month increase in foreclosure starts can likely be contributed to the conclusion of storm-related moratoria.
“The foreclosure rate for 2016 had the largest improvement of any year since 2000,” as stated in Black Knight financial services’ december 2016 month-end mortgage performance report. The national foreclosure pre-sale inventory rate continued to improve, decreasing in January to 0.94 percent, which is close to a 28 percent year-over-year decline.
