Mortgage Delinquency Rates Decline in March to Lowest Level in 11 Years, Black Knight Reports
April 27, 2017
Total mortgage delinquencies dropped to an 11-year low of 3.62 percent in March, thanks to improving economic metrics, according to Black Knight Financial Services’ first look at March 2017 mortgage data. In particular, overall delinquencies fell 14.1 percent month-over-month, the lowest they have reached since March 2006 and the fourth lowest point since the turn of the century. On a year-over-year basis, total delinquencies declined 11.4 percent. Total non-current inventory, comprised of all loans 30 days or more past due or in active foreclosure, fell below 2.3 million loans, the lowest volume in 11 years, Black Knight analysts found. Observers attributed...