The percent of loans in the foreclosure process declined slightly in January and were down about 31% 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 5.56% in January, down from 5.64% in December. The normal rate for delinquencies is around 4.5% to 5%.
The percent of loans in the foreclosure process declined slightly in January and remained at 1.61%.
The number of delinquent properties, but not in foreclosure, is down 327,000 properties year-over-year, and the number of properties in the foreclosure process is down 360,000 properties year-over-year.
Black Knight will release the complete mortgage monitor for February in March.
Black Knight: Percent Loans Delinquent and in Foreclosure Process | ||||
---|---|---|---|---|
Jan 2015 | Dec 2014 | Jan 2014 | Jan 2013 | |
Delinquent | 5.56% | 5.64% | 6.27% | 7.03% |
In Foreclosure | 1.61% | 1.61% | 2.35% | 3.41% |
Number of properties: | ||||
Number of properties that are 30 or more, and less than 90 days past due, but not in foreclosure: | 1,701,000 | 1,736,000 | 1,851,000 | 1,974,000 |
Number of properties that are 90 or more days delinquent, but not in foreclosure: | 1,112,000 | 1,132,000 | 1,289,000 | 1,531,000 |
Number of properties in foreclosure pre-sale inventory: | 815,000 | 820,000 | 1,175,000 | 1,703,000 |
Total Properties | 3,628,000 | 3,688,000 | 4,315,000 | 5,208,000 |
No comments:
Post a Comment