Black Knight: Delinquencies Up, Foreclosure Starts Down In July
he mortgage delinquency rate in July was about 4.51%, an increase of 4.78% compared with June but a decrease of 3.38% compared with July 2015, according to Black Knight Financial Services’ “First Look” report.
About 2.286 million mortgages were 30 days or more past due, but not in foreclosure, in July – an increase of about 108,000 compared with June but a decrease of about 70,000 compared with July 2015.
About 695,000 mortgages were 90 days or more past due, but not in foreclosure – an increase of about 3,000 compared with June but a decrease of about 147,000 compared with a year earlier.
Based on its historical data, Black Knight is forecasting that the delinquency rate is likely to decrease in August.
There were about 61,300 foreclosure starts in July – a decrease of 11.54% compared with June and…
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