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Black Knight: Foreclosure inventory falls to 8-year low

Drops 24% in one year to 711,000

The national foreclosure rate is down 24%, the lowest since 2007, according to the Data & Analytics division of Black Knight Financial Services.

The company’s “first look” at July 2015 month-end mortgage performance statistics is derived from its loan-level database representing approximately two-thirds of the overall market. ?

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(Source: Black Knight)

According to Black Knight, the inventory of loans in foreclosure continues decline; now at just 711,000 loans.

The delinquency rate improved by 2.2% from June, and is now near post-crisis low.

California saw a 16.4% 6-month reduction in non-current loans and joins Top 5 states in terms of ?improvement.

At just 2.96%, Colorado’s non-current inventory is at the lowest level in over 10 years and the second lowest ?in nation.

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(Source: Black Knight)

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