Black Knight: National Mortgage Delinquency Rate Decreased Slightly in February

From the MBA: Mortgage Delinquencies Rise in the Second Quarter of 2019the delinquency rate for mortgage loans on one-to-four-unit residential properties increased to a seasonally adjusted rate of 4.53 percent of all loans outstanding at the end of the second quarter of 2019, according to the Mortgage Bankers Association’s (MBA) National Delinquency Survey.

Mortgage delinquencies (30 days or more past due) decreased dramatically in January as the effects of hurricanes Harvey, Irma and Maria on the housing market dissipated – however, the storms will have a lingering impact that will last for a few more months, according to Black Knight’s First Look report. The national delinquency rate.

and the 60-plus day delinquency rate as of February. properties increased to a seasonally adjusted rate of 5.17. black knight: national mortgage Delinquency.

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 · Black Knight reported the U.S. mortgage delinquency rate (loans 30 or more days past due, but not in foreclosure) was 3.89% in February, up from 3.75% in January. The percent of loans in the foreclosure process decreased slightly in February to 0.51% from 0.51% in January.

Delinquencies for both 30-89 days and 90 days or more have increased slightly from. Black Knight reports that two. overall mortgage delinquency and foreclosure.

The U.S. mortgage delinquency rate increased slightly in February compared with January, rising to 3.69% of all mortgages, according to Black Knight’s First Look report. That’s an increase of 3.68% compared with the previous month but down 9.53% compared with February 2018.

The delinquency rate for U.S. commercial real estate loans in commercial mortgage-backed. just under $1 billion in February to almost $850 million. There were $2.8 billion in newly delinquent loans.

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"Housing turnover typically bottoms out in January and February, so prepayments could pick up again if rates remain low through the early spring home buying season," the report said. Black Knight reported the national delinquency rate fell by 3.5 percent in January to 3.75 percent and is now nearly 13 percent below last year’s level.

– Following a slow start to the year, the national delinquency rate fell by more than 5% month-over-month; at 3.47%, it is now at its lowest level on record dating back to 2000 – Serious delinquencies – loans 90 or more days past due, but not yet in foreclosure – fell to 474,000, marking a 124,000 year-over-year decline and a 12-year low – While monthly foreclosure starts edged up slightly.