Posted To: MND NewsWire

While delinquencies are still elevated, especially those over 90 days, Black Knight’s “first look” at November data notes a sixth consecutive monthly decline. The national delinquency rate dropped from 6.44 percent in October to 6.33 percent, a -1.75 percent change. It remains 79.20 percent higher year-over-year. The rate has fallen 1.5 percentage points from its peak of 7.8 percent in May but remains a full three percentage points (+93 percent) above pre-pandemic levels At the end of the reporting period there were 3.381 million mortgage loans that were 30 or more days past due but not in foreclosure. This is down by 56,000 loans for the month, but 1.5 million more delinquencies nationally than in November 2019. Black Knight includes loans in active forbearance plans in its delinquency statistics…(read more)

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Source: Mortgage News Daily