Saturday , 16 January 2021

90-day Delinquencies Increasingly Ended in Foreclosure Last Month

By Jann Swanson

Posted To: MND NewsWire

Black Knight Financial Services has released a “first look” at its month-end January mortgage performance statistics. The company regularly previews data that is covered in a more comprehensive form in its Mortgage Monitor scheduled for publication on March 9. The number of properties for which mortgages are 30 days past due but not yet in foreclosure declined by 50,000 in January to 2.81 million. The 30-day delinquency rate was down 11 percent from a year earlier to 5.56 percent of all homes in the U.S. with a mortgage. Serious delinquencies, i.e. properties that are 90 or more days past due but not in foreclosure, declined by 20,000 from December and 177,000 from a year earlier to 1.11 million There were 94,300 foreclosure starts during the month. This is 5.5 percent more than in December…(read more)

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