Black Knight: Delinquency rate rises for 2nd month to 4.9%

But foreclosure starts are down 16.25% since September 2014

The “first look” at September 2015 month-end mortgage performance statistics derived from Black Knight Financial Services’ loan-level database representing the majority of the national mortgage market.

Here’s the breakdown. The national delinquency rate rose for the second consecutive month in September, and now sits at 4.9%, which is the highest it's been since May of this year.

While delinquencies were up 1.7% in September, they were still 14% below where they were last year.

Overall non-current inventory — all loans 30 or more days past due or in foreclosure — is now at 3.2 million. 

Despite the rise in the delinquency rate, 90-day delinquent and foreclosure inventories continue to improve. 

Prepayment activity, which is historically a good indicator of refinance activity, continues to slow. It fell by just under 1.75% to a single month mortality rate of 1.07% in September.

Here are some other highlights:

Total U.S. foreclosure pre-sale inventory rate:​ 1.46%

  • Month-over-month change: -1.53%
  • Year-over-year change: -22.64%

Total U.S. foreclosure starts: 79,900

  • Month-over-month change: 4.86%
  • Year-over-year change: -16.25%

Most Popular Articles

Are mortgage rates about to hit an all-time low?

The lowest mortgage rates have ever been was around Thanksgiving 2012 when the interest rate for a 30-year fixed-rate mortgage fell to 3.31% (according to Freddie Mac data), but rising panic over the coronavirus could drive rates to lows never seen before. HW+ Premium Content

Feb 25, 2020 By

Latest Articles

The looming concerns servicers might be ignoring

Breaking down the biggest trends and concerns servicers should be thinking about, TMS Chief Compliance Officer Shanya Arrington sat down with HousingWire to offer some exclusive insights on what’s happening in the servicing space. HW+ Premium Content

Feb 27, 2020 By
3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please