Delinquencies continued to trend down and dropped 11% from January 2014, according to the latest report from Black Knight Financial Services.
January’s 94,300 foreclosure starts marked the highest level of starts since December 2013, up 5.48% month-over-month and 0.21% year-over-year.
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Source: Black Knight
Meanwhile, prepayment rates — historically a good indicator of refinance activity—dropped 23% from December, though it remains up 19% from this time last year.
The national inventory of loans in foreclosure continues to decline, down 31% year-over-year in January.