Understanding Today’s Connected Borrower

Sign up for this webinar to learn how to transform the borrower journey from transaction to relationship and gain a significant lift in production in today’s digital lending environment.

RealTrending: eXp’s Glenn Sanford reveals what’s next for company

CEO of eXp World holdings addresses his critics about his agent referral program, where he is taking the company next and growth limiters for the brokerage.

Navigating Closing Struggles in 2021’s Purchase Market

Join this webinar to discover the most current information on hybrid and full eNote eClosings and discuss key criteria to successfully implementing your eClosing strategy.

Should lenders look to non-QM when the refi boom slows?

Angel Oak shared with HW how non-QM lending could be an effective way for lenders to replace lost business in the event of a refi boom slowdown.


Black Knight: Foreclosure inventory reaches lowest level since 2007

Last month’s jump in foreclosures reverse course

January’s jump in foreclosure starts reversed course – and then some – in February, dropping by 15% to 79,700 for the month, its lowest level since last November, and the third lowest point in at least 7 years, according to the latest report from Black Knight Financial Services.

Overall, the report found, the nation’s inventory of loans in foreclosure continued in its trend of improvement, down 315,000 from last February, a nearly 30% year-over-year decline.

The foreclosure inventory dipped below 800,000 for the first time since December 2007.

Click to enlarge

(Source: Black Knight)

The delinquency rate dropped again as well; at 5.36%, that's the lowest it's been since the summer of 2007.

The monthly prepayment rate (historically a good indicator of refinance activity) jumped over 31% from January, and a pretty astounding 75% from last year.

Total non-current inventory (everything 30 or more days past due or in foreclosure) is down nearly 600,000 from last February. Mississippi, Rhode Island, Louisiana, Maine and Alabama remain, in that order, the top five states ranked by serious delinquent loans (90+ days past due, but not yet in foreclosure).

Most Popular Articles

Here it is: A bill to help first-time homebuyers

The newest iteration of a first-time homebuyer tax credit has several significant restrictions. And it’s not a tax credit.

Apr 15, 2021 By
3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please