Although there was a nice improvement last month in U.S. foreclosure metrics, the rate of 30-day delinquency on residential loans climbed to the highest level in four months.

Single-family loans that were at least 30 days delinquent or in foreclosure numbered 2.216 million as of mid-2018, according to data reported Tuesday by Black Knight Inc.

The total was comprised of 1.925 million loans that were 30 days past due but not in foreclosure and 291,000 units that are in the foreclosure pre-sale inventory — the fewest in nearly 12 years.


Source: Mortgage Daily